6242 Vineland AVE, North Hollywood, CA 91606

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$5,400,000

Est. payment - /mo

0.3 Acres Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25185222

HOA Y/N No

Year Built 1989

Lot Size 0.304 Acres

Property Sub-Type Apartment

Property Description

VINELAND 19: This investment property, constructed in 1989 and exempt from LA City rent control, is presented at a 5.5 CAP rate and a 12.10 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, it offers convenient access to NoHo, NoHo West, Burbank, Studio City, Hollywood, DTLA, as well as nearby shopping, dining, and entertainment venues. The Transit Oriented Community (TOC) Tier 3 designation provides tenants with easy access to public transportation. This well-maintained asset represents a valuable addition to any portfolio, with recent upgrades including a new roof installed in 2022.

PLEASE NOTE: All one-bedroom units are spacious singles with a partition wall converting them into a traditional spacious one-bedroom layouts.
Unit Mix 2 bachelor units (affordable), 14 Singles, 3 two bedroom and two baths.
Other Highlights: Gated & access controlled property, combination of open & covered parking, central heat, room refrigerated air, In-house laundry (landlord owned and generating income).

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Carport, On Site, Uncovered

Pool None

Community Features Sidewalks

View Y/N Yes

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 3

Entry Level Three Or More

Sewer Public Sewer

Water Public

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 2414001036

Energy Description 3675.0

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard

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Listed by Edgar Koenig Ed Koenig IRE 818-755-8088

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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6242 Vineland AVE North Hollywood, CA 91606

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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