$2,500,000
North Hollywood, CA 91605
10
Beds
9
Baths
4,794
Sq. Ft.
1953
Year Built
Los Angeles
County
ResidentialIncome
Property Type
*Financial Metrics* - 5.06% in-place Cap Rate with potential to reach 6.63% post-ADU conversion and 17.51% average annual return, 7.58% pre-tax cash flow . *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and there is potential to add a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot.
$13,306/mo
20% down · 7% APR · 30-yr fixed
Estimate only. Does not include taxes, insurance, or HOA.
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