10923 Moorpark St - Apartments FOR SALE


North Hollywood, CA 91602
$1,895,000 USD
310-422-4309
10923 Moorpark St, North Hollywood, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/15
null | 3.67% Cap Rate

10923 Moorpark St
North Hollywood, CA 91602


HIGHLIGHTS

  • Large, oversized units - 3 - 2bdrm/2bath two-level Townhouse style and 1 - 1bdrm - single level 2nd floor.
  • Just minutes to Universal, Warner Bros., ABC and Disney Studios as well as the No Ho Arts District
  • Meticulously maintained interior with all the units being updated as needed and exterior with a well-groomed landscaping
  • Great Parking - 8 covered spaces - two for each 2bdrm, one for the 1bdrm and 1 quest spot with easy driveway access to the back parking area.
  • Immediate upside in rental income with rent increase past due
  • Value add opportunity with possible additions of ADU's - Apt's or Condo conversion (check with local governing agencies)

OVERVIEW

Prestige's Toluca Lake - North Hollywood location is just minutes from some of the worlds iconic studios - Universal, Warner Bros., ABC and Disney (ideal for entertainment professionals and creatives alike. The NoHo Arts District is close by with its boutique stored, galleries, restaurants and theaters with live performances serving the community. This vibrant neighborhood offers the perfect blend of art, culture and convenience. The property has been meticulously maintained for the last 20 yrs while upgrading all the units with laminate flooring, new appliances, AC, stacked washer/dryer combo and carpets when needed in the 2 bdrm. units - all under a newer roof on the main building. These are large rental units with three - 2bdrm / 2bath townhouse style two story units and a spacious 1bdrm on the second floor: with plenty of on-site parking with 8 covered spaces - 2 each for the 2bdrm's, 1 for the 1bdrm and 1 guest spot. Easy access to all the surrounding communities located within a short distance to the local freeway system including the CA-101, 134, 101, and a 10-minute drive to the 405 frwy.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$430 USD /SF

# OF UNITS

4

PRICE/UNIT

$473,750

CAP RATE

3.67%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Paloma - 10923 Moorpark, Toluca Lake

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,347 SF

ZONING

LARD1.5

APN/PARCEL ID

2423-008-025

ASK ABOUT THIS PROPERTY

Michael TalbotRE/MAX Estate PropertiesMore Info
310-422-4309

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Michael TalbotRE/MAX Estate PropertiesMore Info
310-422-4309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.