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$ 3,295,000
Est. payment /mo
Active
5709 Auckland AVE North Hollywood, CA 91601
18 Beds
17 Baths
7,947 SqFt
UPDATED:
12/05/2024 03:44 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,947 sqft
Price per Sqft $414
MLS Listing ID 24463773
Bedrooms 18
HOA Y/N No
Year Built 2024
Lot Size 6,216 Sqft
Property Description
5709 Auckland Ave! Presenting an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.66% pro-forma cap rate, offering investors solid returns in a sought-after location. Offering 5 generously sized units for a total of 18 bedrooms and 17 bathrooms throughout. All 5 units feature large bedrooms and living spaces, open floor plans, and massive windows that flood the space with natural light. Every unit is equipped with custom-designed kitchens, offering a luxurious and modern living experience. The photos speak for themselves! The property includes 8 dedicated parking spaces, all carports, ensuring convenient parking for tenants, an essential feature in the bustling North Hollywood area. Location is a major highlight: just minutes away from the NoHo Arts District, offering tenants easy access to a vibrant neighborhood full of theaters, art galleries, trendy restaurants, and cafes. The property is adjacent to the City of Burbank, giving close access to all Burbank as to offer. It's also near major studios like Universal and Warner Bros., making it attractive to entertainment industry professionals. Additionally, the property is conveniently located close to the Metro Red Line, providing easy access to Downtown LA and surrounding areas. With its spacious units, modern amenities, and prime location, this property is positioned for long-term growth and steady rental demand in one of LA's hottest markets. Don't miss out on this rare opportunity to invest in a high-performing asset in the heart of North Hollywood!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAC2
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Attached Carport, Carport
Attached Garage Yes
Total Parking Spaces 8
Building
Story 3
Entry Level One,Multi/Split
Level or Stories One, Multi/Split
New Construction Yes
Others
Senior Community No
Tax ID 2415025021
Special Listing Condition Standard
Listed by Michael Fitzgerald • Power Brokers