6827 Radford Avenue, North Hollywood
North Hollywood Home For Sale
Exceptional and rare Investment opportunity with this 7-unit building in North Hollywood, spanning 4,081 Sqft and situated on a 7,882 Sqft lot. Each unit in the building offers a 1 bedroom and 1 bathroom layout. The consistent unit configuration across the property ensures ease of management and appeals to a broad rental market. The LARD1.5 zoning enhances the property’s value, offering potential for future development. It’s a unique blend of current stability and future growth prospects. Located in a vibrant neighborhood, this property benefits from its strong rental demand, making it an attractive investment choice. The current capitalization rate (cap rate) stands at 4.5%, indicating a healthy return on investment. Additionally, the potential for a pro forma cap rate of approximately 9.2% showcases the significant upside potential of this investment. This property is not just an asset, but a gateway to long-term financial growth and success in the real estate market. It’s ideal for investors seeking a balanced combination of immediate income and potential for value appreciation.
Property Details
Additional Information
-
- City:
- North Hollywood
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- County:
- Los Angeles
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- Zip:
- 91605
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- MLS® #:
- SR24007393
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- Bedrooms:
- 6
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- Bathrooms:
- 7
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- Lot Size:
- 0.18
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- Levels:
- Two
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- Garages:
- 9
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- HOA Dues:
- $
Price Change History for 6827 Radford Avenue, North Hollywood, (MLS® #SR24007393)
| Date | Details | Price | Change |
|---|---|---|---|
| Active Under Contract (from Active) | – | – |
Based on information from California Regional Multiple Listing Service, Inc. as of July 14th, 2024 at 6:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.