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Apartments For Sale • 28,494 SF
| 32-unit + 1 non-conforming pool/rec room multifamily building built in 1962 |
| Poo/Rec Room which can be converted to a legal, Studio ADU (Buyer to verify) |
| Deliver with 20 vacant units- immediate value-add and lease-up potential |
| Highly desirable North Hollywood location adjacent to Studio City. Strong rental demand fueled by proximity to major studios and employment center. |
| Walkable to retail, dining, and entertainment on Ventura Boulevard and easy access to the 101, 170, & 134 Freeways and Metro transit options. |
| Potential to add up to 11 ADU's (Buyer to verify). The adjacent 10,592 square foot lot, zoned R-3, is also available. |
| Cap Rate: | 5.04 % |
| Total Expenses: | $313,573 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 10 min | - | 4.7 mi |
| Downtown Burbank (Antelope Valley Line - Amtrak, Pacific Surfliner - Amtrak, Ventura County Line - Amtrak) | 10 min | - | 4.9 mi |
| Transit/Subway | Drive | Walk | Distance |
| Universal City/Studio City (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 18 min | 0.9 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 10 min | - | 4.7 mi |
| Los Angeles International | 34 min | - | 24.3 mi |
| Long Beach (Daugherty Field) | 45 min | - | 33.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 33 |
| Type: | Covered |
| Included in Rent: | Yes |
Jeff Louks
Marcus & Millichap
Jeff Louks
Marcus & Millichap
