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Apartments For Sale • 7,387 SF
| 100% FULLY LEASED new-construction five-unit multifamily property in the heart of North Hollywood, within walking distance to the NoHo Arts District. |
| Attractive unit mix featuring spacious layouts, in-unit laundry, premium stainless steel appliances, and abundant natural light throughout. |
| Annual Rental Income is $280,200 with tenants responsible for all utilities, maximizing cash flow potential. |
| Offered at $3,595,000 with a 6.26% cap rate and supported by strong comparable sales in a high-demand submarket. |
| Excellent 1031 Exchange opportunity – low maintenance, high-yield asset |
| Close to countless entertainment and shopping destinations, such as NoHo West, Universal CityWalk, and more. |
| Cap Rate: | 6.26 % |
| Total Expenses: | $49,640 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.5 mi |
| Burbank Airport - North (Av Line) Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains) | 8 min | - | 4.0 mi |
| Transit/Subway | Drive | Walk | Distance |
| North Hollywood Station (Orange Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 17 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 7 min | - | 3.6 mi |
| Los Angeles International | 34 min | - | 24.2 mi |
| Long Beach (Daugherty Field) | 48 min | - | 34.5 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 5 |
| Type: | Surface |
| Included in Rent: | Yes |
David Saghian
Lyon Stahl Investment Real Estate
David Saghian
Lyon Stahl Investment Real Estate