Description
6853 and 6928 Agnes Avenue provide investors a great opportunity to acquire ownership of two separate 6-unit buildings located in a strong rental pocket of North Hollywood. Built in 2000 and 2004 the subject properties fall under statewide rent control which allows for 5% + CPI rental increases annually. Both properties have 30% upside in rental income. 6928 Agnes Avenue has had a vacant, non-conforming unit become a legal and conforming unit. 6853 Agnes Avenue currently has a non-conforming unit vacant which a new owner can covert to a legal and conforming unit. Both properties feature strong unit mixes, with open parking areas and laundry rooms. Unit 6 has rental covenant must be rented to tenant that falls under HUD Moderate Income 120% of AMI Must be purchased with 6853 Agnes Ave, available for sale only as a portfolio.
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15BEDS
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0.19ACRES
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0BATHS
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01/2 BATHS
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4,992SQFT
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$386$/SQFT
School Ratings & Info
Description
6853 and 6928 Agnes Avenue provide investors a great opportunity to acquire ownership of two separate 6-unit buildings located in a strong rental pocket of North Hollywood. Built in 2000 and 2004 the subject properties fall under statewide rent control which allows for 5% + CPI rental increases annually. Both properties have 30% upside in rental income. 6928 Agnes Avenue has had a vacant, non-conforming unit become a legal and conforming unit. 6853 Agnes Avenue currently has a non-conforming unit vacant which a new owner can covert to a legal and conforming unit. Both properties feature strong unit mixes, with open parking areas and laundry rooms. Unit 6 has rental covenant must be rented to tenant that falls under HUD Moderate Income 120% of AMI Must be purchased with 6853 Agnes Ave, available for sale only as a portfolio.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-08-14T10:43:03.253. 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.