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Listed by Edgar Koenig • Ed Koenig IRE
$5,400,000
Est. payment /mo
14,352 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,352 sqft
Price per Sqft $376
MLS Listing ID CRSR25185222
HOA Y/N No
Year Built 1989
Lot Size 0.304 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
VINELAND 19: This investment property, constructed in 1989 and exempt from LA City rent control, is presented at a 5.5 CAP rate and a 12.10 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, it offers convenient access to NoHo, Burbank, and Studio City, as well as nearby shopping, dining, and entertainment venues. The Transit Oriented Community (TOC) Tier 3 designation provides tenants with easy access to public transportation. This well-maintained asset represents a valuable addition to any portfolio, with recent upgrades including a new roof installed in 2022. PLEASE NOTE: All one-bedroom units are spacious singles with a partition wall converting them into a traditional spacious one-bedroom layouts. Unit Mix 2 bachelor units (affordable), 14 Singles, 3 two bedroom and two baths. Other Highlights: Secure parking, central heat, room refrigerated air, In-house laundry (landlord owned).
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Other
Exterior
View Other
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