6242 Vineland Avenue, North Hollywood, CA 91606

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Sean Beattie Jr.

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

$5,400,000

Est. payment - /mo

4 Beds

5 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25185222

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

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

Zoning Assessor

Direction South of Victory Blvd. and West of Cahuenga

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 2414001036

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Listed by Edgar Koenig Ed Koenig IRE

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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 Avenue North Hollywood, CA 91606

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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