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    11617 Archwood St

    North Hollywood, CA 91606
    • $995,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 21-741900
    Price Reduced
    $995,000
    • 6
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,896
      SQFT
    • $525
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1941
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire a 4-unit asset located In the desirable apartment community of North Hollywood. Over the past decade, North Hollywood has undergone a radical transformation into a dynamic environment that is attracting a wave of young, well-educated and high-wage earning residents. This 4- unit complex is located on a gated and fenced corner lot and offers strong in-place rents and 100% rent collection. There are no seismic retrofit expenses, rents can immediately be increased post-Covid, and financing on this asset will include 30-year fixed rates. The convenient location and desirable unit mix of this asset offer a Value-Add opportunity that is well suited for strong returns over the investment period.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T23:42:36.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.brandiprattrealestate.com/homes/117776899
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    11617 Archwood St North Hollywood, CA 91606

    • Price: $995,000
    • Status: Active
    • ID#: 21-741900
    6
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1,896
    SQFT
    $525
    $/SQFT
    1941
    Built
    Neighborhood:
    North Hollywood
    County:
    Los Angeles
    Area:
    North Hollywood
    Property Description
    We are pleased to present the opportunity to acquire a 4-unit asset located In the desirable apartment community of North Hollywood. Over the past decade, North Hollywood has undergone a radical transformation into a dynamic environment that is attracting a wave of young, well-educated and high-wage earning residents. This 4- unit complex is located on a gated and fenced corner lot and offers strong in-place rents and 100% rent collection. There are no seismic retrofit expenses, rents can immediately be increased post-Covid, and financing on this asset will include 30-year fixed rates. The convenient location and desirable unit mix of this asset offer a Value-Add opportunity that is well suited for strong returns over the investment period.
    Exterior Features

    Lot Size Area 5400 Other Structures None Parking Garage Gated Total Parking 0

    Interior Features

    Baths Total 4.00 Cooling Wall/Window Equipment Built-Ins Heating Wall

    Property Features

    Gross Income 62936 Gross Operating Income 62936 Like Units1 2 Like Units2 2 Net Operating Income 43068.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 17980 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Jeanette Monfared DRE#00765098 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-30T23:42:36.523. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583