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6853 Agnes Ave

North Hollywood, CA 91605
  • $2,150,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: 22-141281
UPDATED: 203 min ago
$2,150,000
  • 16
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,180
    SQFT
  • $415
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2004
County:

School Ratings & Info

Description

6853 and 6928 Agnes Avenue provide investors a great opportunity to acquire ownership of two separate 6-unit buildings located in a strong rental pocket of North Hollywood. Built in 2000 and 2004 the subject properties fall under statewide rent control which allows for 5% + CPI rental increases annually. Both properties have 30% upside in rental income. 6928 Agnes Avenue has had a vacant, non-conforming unit become a legal and conforming unit. 6853 Agnes Avenue currently has a non-conforming unit vacant which a new owner can covert to a legal and conforming unit. Both properties feature strong unit mixes, with open parking areas and laundry rooms. Must be purchased as a portfolio with 6928 Agnes Avenue, not available individually. This property has 1 vacant non-conforming 2-bedroom, 1-bathroom unit.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. 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/127185604
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6853 Agnes Ave North Hollywood, CA 91605

  • Price: $2,150,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 203 min ago
  • MLS #: 22-141281
16
Beds
0
Baths
0
½ Baths
0.19
Acres
5,180
SQFT
$415
$/SQFT
2004
Built
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
Property Description
6853 and 6928 Agnes Avenue provide investors a great opportunity to acquire ownership of two separate 6-unit buildings located in a strong rental pocket of North Hollywood. Built in 2000 and 2004 the subject properties fall under statewide rent control which allows for 5% + CPI rental increases annually. Both properties have 30% upside in rental income. 6928 Agnes Avenue has had a vacant, non-conforming unit become a legal and conforming unit. 6853 Agnes Avenue currently has a non-conforming unit vacant which a new owner can covert to a legal and conforming unit. Both properties feature strong unit mixes, with open parking areas and laundry rooms. Must be purchased as a portfolio with 6928 Agnes Avenue, not available individually. This property has 1 vacant non-conforming 2-bedroom, 1-bathroom unit.
Exterior Features

Lot Size Area 8084 Other Structures Other Parking Garage Other Total Parking 0

Interior Features

Baths Total 10.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1137757 Gross Income 140580 Gross Operating Income 138294 Like Units1 2 Like Units2 4 Net Operating Income 75523.00 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 Total Annual Expense 62771 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. 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