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$2,300,000
Est. payment /mo
8,084 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26220474
HOA Y/N No
Year Built 2005
Lot Size 8,084 Sqft
Property Sub-Type Apartment
Property Description
This multi-unit investment property is located in North Hollywood and was built in 2005. The property consists of five spacious three-bedroom, two-bathroom units, each approximately 960 square feet, with a total building size of approximately 5,830 square feet situated on an 8,084-square-foot lot.
Each unit offers central air conditioning, appliances, and two surface parking spaces, providing convenient and comfortable living for tenants. The property also features an onsite laundry facility, creating an additional source of income.
A unique value-add opportunity is the approximately 690 SF storage area, which may have potential for conversion into an ADU, subject to buyer verification. In addition, the rear parking area may offer further development potential for up to four additional ADUs, also subject to buyer verification and applicable city requirements. For reference, a nearby property approximately two buildings away with a similar layout is currently converting its rear parking area into four ADUs, highlighting the potential upside at the subject property.
With its newer construction, desirable unit mix, ample parking, and potential for additional income, 6843 Agnes Ave. presents an attractive multifamily investment opportunity in North Hollywood.
Each unit offers central air conditioning, appliances, and two surface parking spaces, providing convenient and comfortable living for tenants. The property also features an onsite laundry facility, creating an additional source of income.
A unique value-add opportunity is the approximately 690 SF storage area, which may have potential for conversion into an ADU, subject to buyer verification. In addition, the rear parking area may offer further development potential for up to four additional ADUs, also subject to buyer verification and applicable city requirements. For reference, a nearby property approximately two buildings away with a similar layout is currently converting its rear parking area into four ADUs, highlighting the potential upside at the subject property.
With its newer construction, desirable unit mix, ample parking, and potential for additional income, 6843 Agnes Ave. presents an attractive multifamily investment opportunity in North Hollywood.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Street Lights, Valley
Private Pool No
Building
Lot Description Near Public Transit, Rectangular Lot, Walkstreet
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2321025004
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Akash Saini Keller Williams Realty-Studio City 916-704-4184, DRE #02010158
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