Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
4904 Tujunga Avenue . North Hollywood , CA 91601
For sale 8 Units | Prime NoHo Arts District North Hollywood, Ca 91601. For more information please contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com
Posted: 01/10/2020 1:31 pm
| On HOMEiZ: 1575 days |
Updated: 4 years ago
| Views: 967
Location Map
Property Type
Sold
Property Price
$2300000
$2300000
01/10/2020
6,973.00
Sq. Ft.
$394
5831
Contact listing agent%
4.09%
$0
$94070
15.60
0.755%
$17365
Property Location & Description
For sale 8 Units | Prime NoHo Arts District North Hollywood, Ca 91601. For more information please contact the listing agent, Filip Niculete 818-212-2748 Filip.Niculete@marcusmillichap.com
Rent Control
8 Units | Prime NoHo Arts District.8 unit multifamily property located in an ideal NoHo Arts District location, just outside of Toluca Lake.
Situated on the corner of Tujunga Ave and Huston St, just north of Camarillo st, this property has a total square footage of 5,831 Sq.Ft., and it sits
on a lot size of 6,972 Sq.Ft (0.16 Acres).
Built in 1957, the property boasts an excellent unit mix of four 1-bed/1-bath units and four 2-bed/1-bath units. Furthermore, the property has had
two recent vacancies, which will be kept vacant for the sale, allowing the perfect opportunity for an owner user, or simply for an investor to achieve
full market rents right away on two of the eight units.
This investment allows for the opportunity to add value, with an estimated rental upside of 38%. Also, with current interest rates around 3.85%, a
buyer can expect to receive a 60% loan to value, which would mean a down payment of around $940,000. From day 1, this would achieve a total
return of over 4.5%, with still the strong potential to increase rents over time
Prime NoHo Arts District North Hollwood, CA located corner-lot, value-add property with two very valuable
vacancies delivered at close of escrow.
8
$287500
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
4
2.
2+1
4
3.
4.
5.
R3
90%
Wood & Stucco
2
1957
Good
Located in the Prime NoHo Arts District on a corner lot
Great unit mix of Half 1’s & Half 2’s.
Two units Delivered Vacant.
Value add, approximately 38% upside.
Ample On-Site Parking
Property Information
Sewer
Sewer System (Public)
Parking
On-street
Assigned Parking
8
Investment Overview
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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