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5223 Auckland Avenue

North Hollywood, CA 91601
  • $1,550,000
  • STATUS: ACTIVE
  • ON SITE: 139 Days
  • ID#: SR23125361
UPDATED: 24 min ago
$1,550,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are proud to represent this 6 unit apartment building in North Hollywood. Its unit mix consists of (2) one-bedroom, one-bathroom units and (4) two-bedroom, two-bathroom units. With a lot size of 7,001 square feet, the property has a total of 5,134 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electricity. We are proud to represent this 6 unit apartment building in North Hollywood. Its unit mix consists of (2) one-bedroom, one-bathroom units and (4) two-bedroom, two-bathroom units. With a lot size of 7,001 square feet, the property has a total of 5,134 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electricity.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
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5223 Auckland Avenue North Hollywood, CA 91601

  • Price: $1,550,000
  • Status: ACTIVE
  • On Site: 139 Days
  • Updated: 24 min ago
  • ID#: SR23125361
3
Beds
0
Baths
0
½ Baths
0.16
Acres
Neighborhood:
North Hollywood (91601)
County:
Los Angeles
Area:
North Hollywood (91601)
Property Description
We are proud to represent this 6 unit apartment building in North Hollywood. Its unit mix consists of (2) one-bedroom, one-bathroom units and (4) two-bedroom, two-bathroom units. With a lot size of 7,001 square feet, the property has a total of 5,134 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electricity. We are proud to represent this 6 unit apartment building in North Hollywood. Its unit mix consists of (2) one-bedroom, one-bathroom units and (4) two-bedroom, two-bathroom units. With a lot size of 7,001 square feet, the property has a total of 5,134 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electricity.
Exterior Features

Pool N/K

Interior Features

Total Baths Unit1 1 Total Baths Unit2 1

Property Features

Actual Cap Rate 4.85 Annual Expense Actual 35440 Buildings 1 Cfd Mello Roos Fee 1042.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 13.6 Gross Scheduled Income Actual 113988 Monthly Total Fees 86 Terms Cash Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 1508.0 Unit2 Rent Actual 1621.0 Zoning Assessor

San Diego MLS logo Listing provided courtesy of Cindy Hill of Equity Union: 818-640-4360. Listing information © 2023 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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