11763 Hamlin St - Apartments FOR SALE


North Hollywood, CA 91606
$1,995,000 USD
949-306-1175
11763 Hamlin St, North Hollywood, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/7
null | 6.97% Cap Rate

11763 Hamlin St
North Hollywood, CA 91606


HIGHLIGHTS

  • UNIT MIX: SIX 1+1 & TWO 2+2 UNITS
  • NEW SURVEILLANCE SYSTEM
  • SIX UNITS HAVE BEEN RECENTLY RENOVATED
  • ON-SITE LAUNDRY FOR ADDITIONAL INCOME
  • NEW BUILDING AND UNIT NUMBERS
  • SEPERATELY METERED FOR ELECTRICITY

OVERVIEW

The unit mix consists of six 1+1 and two 2+2 units. The investment consists of approximately 6,467 of rentable square feet and is situated on an approximately 8,178 square foot parcel. Recent property upgrades include a new surveillance system, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with nine total spaces, a an on-site laundry room for additional income, and the property is separately metered for electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is subject to the Los Angeles Soft-Story Retrofit Program. The unit mix consists of six 1+1 and two 2+2 units. The investment consists of approximately 6,467 of rentable square feet and is situated on an approximately 8,178 square foot parcel. Recent property upgrades include a new surveillance system, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with nine total spaces, a an on-site laundry room for additional income, and the property is separately metered for electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is subject to the Los Angeles Soft-Story Retrofit Program.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

8

PRICE/UNIT

$249,375

CAP RATE

6.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,178 SF

ZONING

LARD1.5

APN/PARCEL ID

2322-020-035

ASK ABOUT THIS PROPERTY

Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

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Griffin WhiteBRC Advisors - BH, Inc.More Info
949-306-1175

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