Presenting 5709 Auckland Ave, a fully occupied multifamily investment opportunity located in North Hollywood, immediately adjacent to the City of Burbank. This well-performing asset generates approximately $20,260 in monthly rental income and $244,120 in annual gross income, offering investors a 5.76% cap rate in one of the San Fernando Valley's… Read More most desirable rental markets.The property consists of five spacious units totaling 18 bedrooms and 17 bathrooms, featuring large open floor plans, expansive living areas, and oversized windows that bring in abundant natural light. Each residence is designed with modern kitchens, quality finishes, and thoughtfully designed layouts, creating an attractive and comfortable living environment for tenants.Additional property features include eight dedicated carport parking spaces, providing convenient off-street parking for residents a valuable amenity in this high-demand area.The location is a major highlight. The property sits just minutes from the NoHo Arts District, giving tenants access to a vibrant neighborhood filled with restaurants, cafs, theaters, and entertainment venues. It is also conveniently located near Burbank's Media District, home to major employers such as Warner Bros., Universal Studios, and other production studios, making it highly attractive to entertainment industry professionals. The Metro Red Line is also nearby, providing easy access to Hollywood, Downtown Los Angeles, and surrounding employment hubs.With strong in-place income, large unit layouts, and a prime location near major employment centers, 5709 Auckland Ave represents a rare opportunity to acquire a stabilized, income-producing asset in one of Los Angeles' strongest rental markets. Read Less
Property listed by Rise Realty, Michael Fitzgerald 310-259-7556
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.
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