6747 Agnes Avenue

    North Hollywood, CA 91606
    • $1,450,000
    • STATUS: Active Under Contract
    • ON SITE: 14 days
    • ID#: SR18026433
    Under Contract
    UPDATED: 21 min ago
    $1,450,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,628
      SQFT
    • $258
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1976
    County:

    School Ratings & Info

    Description

    Fantastic opportunity to buy a 9-Unit apartment building in Prime North Hollywood just East of Laurel Canyon and South of Vanowen. Owners Loss is your Gain! 7- 1 Bedroom and 2 Single apartments with approximately 5,600 SF of building and 8,100 SF of R-3 Zoned land. Has below market rents providing a tremendous upside in Income. Building is well maintained, has electric gated entrance and 9 car parking at carport and at rear of building. Sale is subject to buyer cooperating with seller's in a 1031 Tax Deferred Exchange.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T22:26:29.18. 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.
    www.kristirobertsgroup.com/homes/80497797

    6747 Agnes Avenue North Hollywood, CA 91606

    • Price: $1,450,000
    • Status: Active Under Contract
    • Updated: 21 min ago
    • ID#: SR18026433
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    5,628
    SQFT
    $258
    $/SQFT
    1976
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Fantastic opportunity to buy a 9-Unit apartment building in Prime North Hollywood just East of Laurel Canyon and South of Vanowen. Owners Loss is your Gain! 7- 1 Bedroom and 2 Single apartments with approximately 5,600 SF of building and 8,100 SF of R-3 Zoned land. Has below market rents providing a tremendous upside in Income. Building is well maintained, has electric gated entrance and 9 car parking at carport and at rear of building. Sale is subject to buyer cooperating with seller's in a 1031 Tax Deferred Exchange.
    Exterior Features

    Architectural Style Contemporary Carport Spaces 3.00 Construction Materials FrameStucco Fence YN Yes Fencing Wrought Iron Garage Spaces 0.00 Lot Features Lot 6500-9999Lot Shape-RectangularNo Landscaping Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway - Asphalt Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type Alley Road Surface Type Paved

    Interior Features

    Average Studio Area 450 Average Studio Area Units Square Feet Average1 Bed Area 675 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Wall Window Cooling YN Yes Flooring Vinyl Heating Wall Heater Heating YN Yes Laundry Features None Levels Two Room Type KitchenLiving Room

    Property Features

    Accessibility Features None Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.20 Community Features CurbsSidewalksStreet Lighting Country Us Electric Electricity - On PropertyElectricity - Unknown Electric Expense 3500.00 Elevation Units Feet Fuel Expense 1500.00 Gross Income 0.00 Gross Multiplier 14.20 Gross Operating Income 97737.00 Gross Scheduled Income 99732.00 Gross Spendable Income 14575.00 Improvements Percent 60.00 Insurance Expense 4100.00 Land Lease YN No Land Value Percent 40.00 Laundry Income 0.00 Laundry YN No Licenses Expense 600.00 Maintenance Percent 5.00 Net Operating Income 58693.00 New Taxes Expense 20000.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 9 Number Wall AC 9 Number With Disposal 9 Number With Range 9 Operating Expense 39044.00 Operating Expense Percent 39.00 Professional Management Expense 0.00 Property Condition Turnkey Property Sub Type Commercial/Residential Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Total Actual Rent 99732.00 Total Expenses 39044.00 Trash Expense 1344.00 Vacancy Allowance Rate 2.00 Water Sewer Expense 2500.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Mike Monteleone of Re/Max Olson Estates.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-18T22:26:29.18. 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.
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