Description
We are pleased to present an exceptional property opportunity suitable for a 1031 exchange. Nestled within the desirable North Hollywood area, this income property comprises seven units that offer lucrative investment potential. Comprising five spacious 2-bedroom units boasting one bath each, and two generously-sized 3-bedroom units featuring two baths, this property caters to a diverse range of tenants. The units are designed to provide comfortable living spaces, offering ample room for residents to enjoy. Should you require further information regarding this property, we encourage you to contact us. Additionally, offers are kindly requested to be made contingent upon a thorough interior inspection. With its prime location and impressive unit composition, this property promises to be an excellent addition to any real estate portfolio. Do not miss this opportunity to own a remarkable income property in the vibrant North Hollywood area. Some latest upgrades and improvements, is a brand-new 2nd story walkway, providing convenient access throughout the building. The railing on the 2nd floor has been meticulously repaired, prioritizing safety and enhancing the property's overall aesthetic appeal.Exterior painting has been recently redone. A modernized water heater, equipped with a recirculation pump, has been installed. This enhancement not only conserves water but also allows hot water to reach even the furthest apartments efficiently. In compliance with the city's regulations, all units have undergone retrofit compliance measures, ensuring that the property meets the latest safety standards. Additionally, the sewer line infrastructure beneath the property has been replaced.Moreover, trash management has been restructured, with each tenant assuming responsibility for their individual trash bills, which are now included in their respective electric bills. Notably, Units 2, 3, 6, and 7 have received an upgrade with the installation of new hardwood flooring.
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14BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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6,430SQFT
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$280$/SQFT
School Ratings & Info
Description
We are pleased to present an exceptional property opportunity suitable for a 1031 exchange. Nestled within the desirable North Hollywood area, this income property comprises seven units that offer lucrative investment potential. Comprising five spacious 2-bedroom units boasting one bath each, and two generously-sized 3-bedroom units featuring two baths, this property caters to a diverse range of tenants. The units are designed to provide comfortable living spaces, offering ample room for residents to enjoy. Should you require further information regarding this property, we encourage you to contact us. Additionally, offers are kindly requested to be made contingent upon a thorough interior inspection. With its prime location and impressive unit composition, this property promises to be an excellent addition to any real estate portfolio. Do not miss this opportunity to own a remarkable income property in the vibrant North Hollywood area. Some latest upgrades and improvements, is a brand-new 2nd story walkway, providing convenient access throughout the building. The railing on the 2nd floor has been meticulously repaired, prioritizing safety and enhancing the property's overall aesthetic appeal.Exterior painting has been recently redone. A modernized water heater, equipped with a recirculation pump, has been installed. This enhancement not only conserves water but also allows hot water to reach even the furthest apartments efficiently. In compliance with the city's regulations, all units have undergone retrofit compliance measures, ensuring that the property meets the latest safety standards. Additionally, the sewer line infrastructure beneath the property has been replaced.Moreover, trash management has been restructured, with each tenant assuming responsibility for their individual trash bills, which are now included in their respective electric bills. Notably, Units 2, 3, 6, and 7 have received an upgrade with the installation of new hardwood flooring.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T14:36:11.87. 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 Zia Group | eXp Realty. Licensed in the State of California, USA.