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5327 Auckland Ave
North Hollywood, CA 91601

$1,500,000 USD

Apartments For Sale • 5,243 SF

Property Details

Property Type Apartments
Total Building Size 5,243 SF
Lot Size 0.16 AC
Building Class C
Year Built 1963
Cap Rate 5.00 %
Zoning RD1.5, Los Angeles

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                Current rents are 34% below market, creating potential for a 50.69% increase in rental income through stabilization
                            
                                5,243 SF building with one studio and six spacious 2BR/1.5BA units, well-suited for North Hollywood renters
                            
                                Priced at $214,286 per unit and $286.10 per rentable SF, offering an attractive basis for a value-add multifamily asset
                            
                                7 units on a 7,000 SF LARD1.5-zoned lot maximize the site’s existing residential density
                            
                                Good quality improvements with a $1.68M assessed tax value, supporting the property’s underlying value

Financial Summary

Cap Rate:

5.00 %

Amenities

Air Conditioning
Balcony

Public Transportation

Commuter Rail	Drive	Walk	Distance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	7 min	-	3.0 mi
	7 min	-	3.2 mi
Airport	Drive	Walk	Distance
Bob Hope	9 min	-	3.7 mi
Los Angeles International	36 min	-	25.2 mi
Long Beach (Daugherty Field)	49 min	-	35.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	Covered
Included in Rent:	Yes

Edan Shalom 818-414-0282 Centennial Advisers

5327 Auckland Ave North Hollywood, CA 91601