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Key Details
Sold Price $1,375,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,088 sqft
Price per Sqft $270
MLS Listing ID CL24386893
Sold Date 07/09/24
HOA Y/N No
Year Built 1956
Lot Size 6,751 Sqft
Acres 0.16
Property Description
INVESTMENT HIGHLIGHTS: Marketing Package attached under Docs. Six (6) Large Units Located on Desirable Whitsett Avenue in North Hollywood; Apartments Average 848 square feet of Space; Current Cap Rate equal to 5.06%; Unit Mix of Two 2 Bd/1Ba and Four 1 Bd/1Ba Apartments; No Seismic Retrofit Needed; Per Apartments.com : "As of April 2024, the average rent in North Hollywood, CA is $1,875 per month. This is 24% higher than the national average rent price of $1,514/month, making NorthHollywood one of the most expensive cities in the US. When you rent an apartment in North Hollywood, you can expect to pay about $1,735 per month for a studio, $1,875 for a one-bedroom apartment, and around $2,414 for a two-bedroom apartment."
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 2333008031
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with JeanetteMonfared
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