Description
Exceptional and rare investment opportunity in a highly sought-after North Hollywood neighborhood! The property consists of a two-story five-unit apartment featuring a unit mix of (1) one-bedroom, (3) two-bedrooms & (1) three bedrooms. A total of six parking spaces service the building. We have projected rental income based on current in-place rents for the subject. The current in-place rents indicate a contract-to-market ratio of 63.22%, with approximately 37% upside rent potential. The subject property is considered well-located for multi-family development. It lies within a predominantly multi-family district and has several major transportation corridors in close proximity. The neighborhood has good accessibility, adequate housing, and adequate shopping and services. EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE! Exceptional and rare investment opportunity in a highly sought-after North Hollywood neighborhood! The property consists of a two-story five-unit apartment featuring a unit mix of (1) one-bedroom, (3) two-bedrooms & (1) three bedrooms. A total of six parking spaces service the building. We have projected rental income based on current in-place rents for the subject. The current in-place rents indicate a contract-to-market ratio of 63.22%, with approximately 37% upside rent potential. The subject property is considered well-located for multi-family development. It lies within a predominantly multi-family district and has several major transportation corridors in close proximity. The neighborhood has good accessibility, adequate housing, and adequate shopping and services. EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE!
-
7BEDS
-
0.13ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Exceptional and rare investment opportunity in a highly sought-after North Hollywood neighborhood! The property consists of a two-story five-unit apartment featuring a unit mix of (1) one-bedroom, (3) two-bedrooms & (1) three bedrooms. A total of six parking spaces service the building. We have projected rental income based on current in-place rents for the subject. The current in-place rents indicate a contract-to-market ratio of 63.22%, with approximately 37% upside rent potential. The subject property is considered well-located for multi-family development. It lies within a predominantly multi-family district and has several major transportation corridors in close proximity. The neighborhood has good accessibility, adequate housing, and adequate shopping and services. EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE! Exceptional and rare investment opportunity in a highly sought-after North Hollywood neighborhood! The property consists of a two-story five-unit apartment featuring a unit mix of (1) one-bedroom, (3) two-bedrooms & (1) three bedrooms. A total of six parking spaces service the building. We have projected rental income based on current in-place rents for the subject. The current in-place rents indicate a contract-to-market ratio of 63.22%, with approximately 37% upside rent potential. The subject property is considered well-located for multi-family development. It lies within a predominantly multi-family district and has several major transportation corridors in close proximity. The neighborhood has good accessibility, adequate housing, and adequate shopping and services. EXCELLENT VALUE-ADD INVESTMENT IN OPPORTUNITY ZONE!
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.
Listing provided courtesy of Cres Commercial: [IDXCONTACTINFORMATION].
Listing information © 2023 San Diego MLS Inc.
Source: CRMLS