$1,350,000
$1,399,000
3.5%For more information regarding the value of a property, please contact us for a free consultation.
8,886 Sqft Lot
SOLD DATE : 01/30/2014
Key Details
Sold Price $1,350,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR13242147
Sold Date 01/30/14
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1964
Tax Year 2012
Lot Size 8,886 Sqft
Property Description
Great investment opportunity to purchase and own this ten unit apartment building in the heart of North Hollywood situated on a major street with convenient access to public transportation, local schools and shopping. Long time established building is security gated with wrought iron fencing, with parking access through rear alley, total of ten parking spaces (six covered & 4 uncovered) one space per unit. Building has been recently remodeled with copper plumbing (within the last 3 years), AC & heat for each unit (within last year) and roof (within the last 7 years).
Priced to sell with upside potential, (less than market rents) zero vacancy, currently 100% rented with long term tenants, all on a month to month rent, majority of the tenants have lived there longer than seven years, building is approved for section 8, however, none of the current tenants are on section 8. Seller intends to do a 1031 tax deferred exchange and requests buyer’s cooperation and agrees to hold buyer harmless from any and all claims, costs & liabilities. For further information please contact listing agent, Jim Mangassarian.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Interior Features Unfurnished
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Electric Cooktop, Electric Range, Disposal, Dryer
Laundry Common Area, Outside
Exterior
Exterior Feature Lighting, TV Antenna
Parking Features Assigned, Covered, Gated, One Space, Uncovered
Carport Spaces 6
Fence Good Condition, Security, Wrought Iron
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Phone Connected, Sewer Available, Sewer Connected
Roof Type Asphalt
Accessibility No Stairs, Parking
Total Parking Spaces 10
Private Pool No
Building
Lot Description Level, Paved, Yard
Story 2
Entry Level Two
Foundation Slab
Sewer Sewer Tap Paid
Water Public
Architectural Style Traditional
Level or Stories Two
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 2315022017
Security Features Carbon Monoxide Detector(s),Resident Manager,Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Silvia Ragheb • Dilbeck Real Estate Real Livin