5640 Bakman Avenue, North Hollywood
North Hollywood Home For Sale
5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. This covenant limits how much you can charge for market rent once a unit becomes vacant. ***Property must be sold with 5653 Bakman Ave in North Hollywood***
Property Details
Additional Information
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- City:
- North Hollywood
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- County:
- Los Angeles
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- Zip:
- 91601
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- MLS® #:
- SR24064369
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- Bedrooms:
- 3
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- Bathrooms:
- 2
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- Lot Size:
- 0.16
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- Levels:
- Two
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- HOA Dues:
- $
Price Change History for 5640 Bakman Avenue, North Hollywood, (MLS® #SR24064369)
| Date | Details | Price | Change |
|---|---|---|---|
| Price Reduced (from $1,450,000) | $1,200,000 | $250,000 (17.24%) |
Based on information from California Regional Multiple Listing Service, Inc. as of July 23rd, 2024 at 2:46pm 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.