Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
6810 Simpson Avenue . North Hollywood , CA 91605
For sale new construction 4-unit property at 6810 Simpson Ave, North Hollywood. This very well built property was finished in July 2020, making it a fully non rent controlled property. For more information contact the listing agent Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Posted: 04/21/2022 11:49 am
| On HOMEiZ: 744 days |
Updated: 2 years ago
| Views: 406
Location Map
Property Type
Sold
Property Price
$2750000
$2750000
04/20/2022
6,750.00
Sq. Ft.
$386
7128
Contact listing agent%
4.18%
$0
$114950
16.03
$0
1.25%
$34375
Property Location & Description
For sale new construction 4-unit property at 6810 Simpson Ave, North Hollywood. This very well built property was finished in July 2020, making it a fully non rent controlled property. For more information contact the listing agent Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Non Rent Control
Sitting on a lot size of 0.15 acres, this 7,128 gross-sqft property is comprised of all 4 units being very large 3-story, 3-bed townhome units, with an average unit size of
over 1,750 sqft each. Each unit comes with spacious bedrooms, balconies, hardwood floors, large walk-in closets, a beautiful kitchen will all new top of the line
appliances, in-unit washer/dryer, and a den that the tenants may utilize as a 4th bedroom or office area. The property offers its tenants security with 24 hour surveillance
systems and an entryway gate which automatically opens for the tenants' cars. At the back of the property, each unit is able to enjoy 2 parking spots of their own with the
8-spot parking lot in the back.
FHFA loan limits were increased at the beginning of 2022, which now allows a qualified investor to receive up to $1,867,275 in loan dollars on this 4-unit property.
Furthermore, we have received loan quotes for as low as 3.125% interest rate on this max FHFA loan. Utilizing this unprecedented loan, the buyer of this property will
enjoy an estimated 8.94% total return on this investment from day 1.
North Hollywood, CA
4
$687500
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
3+3
4
1782
$3600
2.
3.
4.
5.
232-1018-011
LAR3
100%
Wood & Stucco
2
2020
Excellent
Non Rent Control
Built 2020
Great condition
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
Assigned Parking
No Data
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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