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$1,750,000
Est. payment /mo
8 Beds
7 Baths
6,543 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26127331
Bedrooms 8
Lot Size 6,543 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
**INTEREST RATE BUYDOWN PROVIDED BY SELLER TO LOWER BUYER'S MORTGAGE PAYMENTS!** NEW, FULLY LEASED 4-UNIT PREMIUM INCOME PROPERTY in the strong North Hollywood rental market offering a STABILIZED 5.83% CAP RATE and 13.15 GRM! Unit mix consists of a duplex with (1) 3BD/2BA and (1) 1BD/1BA unit, and (2) 2BD/1.5BA ADUs in the building behind it. Construction just completed February 2026 (ADUs are ALL NEW construction, Duplex was completely renovated down to the studs). All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Tenants PAY ALL utilities, trash and lawncare. All new electrical, plumbing, HVAC and appliances minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured for more communal living or more separation and privacy. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. Superb Burbank adjacent location on a quiet residential street just minutes away from NoHo Arts District, shops, parks and transit. With gross rents over $11k monthly and $133k annually, this turn key property would be an superb addition to any investment portfolio.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Two blocks east of Vineland Ave, 1/2 block north of Victory Blvd on Satsuma Ave.
Interior
Cooling Central Forced Air, Heat Pump(s)
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 2414030007
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Listed by Randy Hui, DRE#02184420 Realty One Group United
Nearby School & Business
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