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10931 Bloomfield St

North Hollywood, CA 91602
  • $2,200,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 21-796560
Price Reduced
UPDATED: 50 min ago
$2,200,000
  • 18
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,132
    SQFT
  • $359
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:
Area:

School Ratings & Info

Description

We are pleased to present for sale 10931 Bloomfield Street, a 6-unit multifamily investment opportunity in North Hollywood. Built in 1960 on a 9,202 square foot lot, the improvement totals 6,132 square feet and has undergone upgrades to the roof, decking, asphalt, electrical, and plumbing in recent years. Building amenities include an on-site laundry facility and six (6) covered car-port parking spaces in the rear, which do not require seismic retrofitting. A future investor might explore the opportunity to add an ADU by converting the carport area or by building new carports with an ADU(s) on top. (Buyer to independently verify all upgrades and ADU information) The unit mix consists entirely of three-bedroom and one-half bathroom units with the average unit size over 1000 square feet. The property is 100% occupied and collections have been 100% throughout Covid. Being in the same family since the mid-90s, units have received various upgrades or renovations, however all of the units would benefit from a more extensive renovation program that could help capture approximately 60% upside in rents. North Hollywood is a highly desirable community that has seen a lot of gentrification and development, causing rental rates to increase and vacancy levels to decline. The surrounding area is centrally located with easy access to public transportation and a variety of shopping centers, restaurants, entertainment studios, auto dealerships, and schools.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/122551582
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10931 Bloomfield St North Hollywood, CA 91602

  • Price: $2,200,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 50 min ago
  • MLS #: 21-796560
18
Beds
0
Baths
0
½ Baths
0.21
Acres
6,132
SQFT
$359
$/SQFT
1960
Built
Neighborhood:
Toluca Lake
County:
Los Angeles
Area:
Toluca Lake
Property Description
We are pleased to present for sale 10931 Bloomfield Street, a 6-unit multifamily investment opportunity in North Hollywood. Built in 1960 on a 9,202 square foot lot, the improvement totals 6,132 square feet and has undergone upgrades to the roof, decking, asphalt, electrical, and plumbing in recent years. Building amenities include an on-site laundry facility and six (6) covered car-port parking spaces in the rear, which do not require seismic retrofitting. A future investor might explore the opportunity to add an ADU by converting the carport area or by building new carports with an ADU(s) on top. (Buyer to independently verify all upgrades and ADU information) The unit mix consists entirely of three-bedroom and one-half bathroom units with the average unit size over 1000 square feet. The property is 100% occupied and collections have been 100% throughout Covid. Being in the same family since the mid-90s, units have received various upgrades or renovations, however all of the units would benefit from a more extensive renovation program that could help capture approximately 60% upside in rents. North Hollywood is a highly desirable community that has seen a lot of gentrification and development, causing rental rates to increase and vacancy levels to decline. The surrounding area is centrally located with easy access to public transportation and a variety of shopping centers, restaurants, entertainment studios, auto dealerships, and schools.
Exterior Features

Lot Description 5 + Lots Lot Size Area 9203 Other Structures Other Parking Garage Covered Parking Total Parking 6

Interior Features

Baths Total 12.00 Cooling OtherWindow Unit(S) Equipment WasherDryerOther Heating Other

Property Features

Assessed Total Value 615093 Gross Income 112368 Gross Operating Income 110203 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 61642.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 48561 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-05T11:42:47.987. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210