Situated on a 6,546 square foot lot, the building contains two one-bedroom units and one two-bedroom unit, spanning a total of 1,850 square feet. The property is not on the Los Angeles Department of Building and Safety's seismic retrofit list (Buyer to verify), saving a new investor from otherwise costly… Read More repairs. Being listed for sale along with the adjacent property at 6726 Beck Avenue could allow an investor to control two parcels that span block-to-block and cover approximately 13,297 square feet of land. Both parcels are situated within a Tier 1 TOC zone, and a new owner may be able to boost revenue substantially by adding ADUs to the lot. The property features full copper plumbing and the owner has maintained the property well, including the installation of a brand new roof in 2021. New window screens, exterior lighting, and security cameras were added recently as well. The on-site laundry facilities offer a supplemental income stream to a new investor. With its solid pipeline of recent and upcoming development projects, North Hollywood has benefited from a strong influx of capital. The new NoHo West mixed-use development features a Trader Joe's, Nordstrom Rack, Regal Cinema, LA Fitness, and several other shops and restaurants as its accompanying 644-unit multifamily development moves forward through construction. A proposed $1 billion mixed-use campus, dubbed District NoHo and featuring approximately 22 million square feet of retail, restaurant, office, and residential space could come online just south of the property. Read Less
Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo 818-212-2700
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,850
Lot Size
0.15 Acres
Year Built
1956
MLS Number
24467069
30 Days Snapshot Of 91606
$873k
+8%
(avg) sold price
12
+100%
homes sold
75
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Building area total: 1,850, Levels: Two, Living area: 1850, 2 stories, 1 building
Income
Gross income: $59,064, Net operating income: $33,411
Lot
0.1503 acres, 6,546 square feet, Size: 6,546
Parking
Assigned
Property
Zoning: LARD1.5
Find The Perfect Home
'VIP' Listing Search
Join our email list to have access to the best off market listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
