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6928 Agnes Ave

North Hollywood, CA 91605
  • $1,925,000
  • STATUS: Active Under Contract
  • ON SITE: 137 Days
  • ID#: 22-141271
Under Contract
UPDATED: 74 min ago
$1,925,000
  • 15
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,992
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2000
County:

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.

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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.
www.brandiprattrealestate.com/homes/127185603
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6928 Agnes Ave North Hollywood, CA 91605

  • Price: $1,925,000
  • Status: Active Under Contract
  • On Site: 137 Days
  • Updated: 74 min ago
  • ID#: 22-141271
15
Beds
0
Baths
0
½ Baths
0.19
Acres
4,992
SQFT
$386
$/SQFT
2000
Built
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
Property 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.
Exterior Features

Lot Size Area 8134 Other Structures None Parking Garage Other Total Parking 0

Interior Features

Baths Total 10.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1149405 Gross Income 132430 Gross Operating Income 130378 Like Units1 1 Like Units2 1 Like Units3 4 Net Operating Income 69200.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 61179 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


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.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583