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Listing Details

Status
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MLS #
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Type
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Built
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School Ratings & Info

Description

Street to street lot with 6 individual houses. 4 units are one bedroom, 1 bath, each with its own 1 car detached garage. 2 units are 2 bedroom, 1 bath. Additional 2 car detached garage. Each unit has laundry hook-ups. Each unit separately metered for gas and electricity. All houses are fully occupied. 4 units are on month to month leases and two units will become month to month within 5 months. Property is gated on both streets. Upside potential in raising rents or developing the property to multi-residential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
www.thenajargroup.com/homes/119950198
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5749 Fair Avenue North Hollywood, CA 91601

  • Price: $1,824,000
  • Status: Active
  • Updated: 53 min ago
  • ID#: SR21169103
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Beds
0
Baths
0
½ Baths
0.32
Acres
1949
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
Street to street lot with 6 individual houses. 4 units are one bedroom, 1 bath, each with its own 1 car detached garage. 2 units are 2 bedroom, 1 bath. Additional 2 car detached garage. Each unit has laundry hook-ups. Each unit separately metered for gas and electricity. All houses are fully occupied. 4 units are on month to month leases and two units will become month to month within 5 months. Property is gated on both streets. Upside potential in raising rents or developing the property to multi-residential.
Exterior Features

Number Of Separate Electric Meters 6 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Suburban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 114000 Gross Scheduled Income 114000 Insurance Expense 2200 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 95600 New Construction YN No New Taxes Expense 9000 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 2 Number Of Units Leased 6 Operating Expense 18400 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 9488 Trash Expense 0 Water Sewer Expense 3800 Water Source Public Zoning Lard1.5

Listing provided courtesy of Michael Zelener of Pacific Coast Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-19T23:25:41.927. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Najar Group | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Najar Group | Keller Williams Realty
1014 Broadway Ste C
El Cajon CA, 92021