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Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$1,050,000

Est. payment - /mo

4 Beds

4 Baths

2,890 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,890 sqft

Price per Sqft $363

MLS Listing ID 225004537

Bedrooms 4

Full Baths 4

HOA Y/N No

Year Built 1941

Lot Size 7,553 Sqft

Property Description

Text your email address to receive our Confidential Offering Memorandum. Amazing Fourplex! (Note: Primary Pic is an A.I. Simulation of exterior remodel, current condition pic in the photos). The property has benefited from substantial capital improvements over time, with most units featuring meaningful interior updates including modernized kitchens, remodeled bathrooms, upgraded flooring, recessed LED lighting, and efficient mini-split HVAC systems. The remaining improvements present a clear opportunity for a new owner to further enhance value while increasing rental income. Incredible 8.65 CAP Rate possible! Close to everything and just north of trendy Studio City with ideal dinning and shopping amenities without the Studio City Price. Great investment opportunity, Huge upside for improved rents. All units currently month-to-month. Everything major has been recently renewed in all units, including new roof, copper plumbing, electrical, (all units feature recessed LED lights), newer meters, newer flooring in ALL rooms, bathrooms totally redone with newer tube and tile enclosures, Newer AC units, Dual pane on half the units. Some units do need new cabinets. Parking in back of unit with garages. There are no monthly expenses paid by owner, per owner other than property taxes, Tenants cover everything including water. Ready for the Olympics?

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Flooring Laminate

Inclusions Tenants that pay on time.

Fireplace No

Appliance Water Heater

Laundry Inside

Exterior

Parking Features Garage, One Space

Garage Spaces 4.0

Garage Description 4.0

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Lot Description Paved

Story 1

Entry Level One

Sewer Public Sewer

Level or Stories One

Others

Senior Community No

Tax ID 2338013023

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional

Special Listing Condition Notice Of Default, Short Sale

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Listed by Brent Hawker Brent Andrew Hawker Broker #01424417

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NEARBY SCHOOL & BUSINESS

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Rene Ramirez

+1(951) 384-0656

Broker License ID: 02038829

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5841 Tujunga AVE North Hollywood, CA 91601

Rene Ramirez

Key Details

Location

Interior

Exterior

Building

Others

MORTGAGE CALCULATOR

NEARBY SCHOOL & BUSINESS

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5841 Tujunga AVE