11249 Emelita St - Apartments FOR SALE


North Hollywood, CA 91601
$1,200,000 USD
818-640-4360
11249 Emelita St, North Hollywood, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/26
null | 5.38% Cap Rate

11249 Emelita St
North Hollywood, CA 91601


HIGHLIGHTS

  • 6 units in excellent North Hollywood rental pockets. Minutes from Noho Arts District, Metro Station, and the 101, 170, and 134 freeways
  • Property was built in 1978 and is subject to AB 1482 rent control
  • Attractive unit mix consisting of (4) 1+1 units and (2) 2+2 units
  • Value add opportunity with strong rental upside

OVERVIEW

Equity Union Commercial is proud to represent this 6 unit property in North Hollywood. The property was constructed in 1978. Its unit mix consists of (2) 2+2 units and (4) 1+1 units. With a lot size of 6,747 square feet, the property has a total of 4,110 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$112 USD /SF

# OF UNITS

6

PRICE/UNIT

$200,000

CAP RATE

5.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,747 SF

ZONING

LARD2

APN/PARCEL ID

2337-015-028

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union CommercialMore Info
818-640-4360

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Cindy HillEquity Union CommercialMore Info
818-640-4360

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