5005 Cahuenga Blvd - Apartments FOR SALE


North Hollywood, CA 91601
$2,199,000 USD
818-999-2030
5005 Cahuenga Blvd, North Hollywood, CA for Sale
$2,199,000 USD
Apartments - FOR SALE
1/36
null | 5.82% Cap Rate

5005 Cahuenga Blvd
North Hollywood, CA 91601


HIGHLIGHTS

  • New HVAC, electrical panels, copper plumbing, and fresh paint. Each unit has a detached 1 car garage
  • Crown moulding, coffered ceilings, hardwood floors, laundry rooms, even mix of 3,2,and 1 bedroom units
  • Turnover is low

OVERVIEW

ALL UNITS ARE LEASED. PLEASE DO NOT DISTURB OCCUPANTS. PHOTOS INCLUDED ARE NOT OF ALL 6 UNITS. THERE ARE A FEW FEATURE PHOTOS OF EACH UNIT SIZE, THEY ARE NOT COMPREHENSIVE. Set in the sought-after Toluca Woods neighborhood, this charming two-story six-unit property offers a rare combination of vintage mid-century character and modern improvements. The property features classic ARCHITECTURAL DETAILS including crown molding, coffered ceilings, hardwood floors, latticed windows, metal awnings, ornate wrought iron hand rails, and cozy porch/patios on the lower units. All units have access to a common, serene, and private entertainment courtyard in the back. RECENT IMPROVEMENTS include all new electrical panels throughout, new HVAC systems in five of the six units, and a freshly paint exterior, including walls, fences, windows, and hand rails. EACH UNIT FEATURES its own laundry room with a washer and dryer, plus an oven, refrigerator, and dishwasher, and has a separate gas and electric meters. The three-bedroom and two-bedroom units each offer three bathrooms, including a full bath, three-quarter bath, and powder room. All six units include an DETACHED ONE CAR GARAGE with alley access, with additional street parking available. Turnover is low as tenants love features like the large grassy areas for pets or kid play, mature shade trees, mature fruit trees, and central location. 5005 Cahenga is conveniently located within a 15-minute walk of shopping, dining, and entertainment along Riverside Drive in downtown Toluca Lake. This high income producing investment gem combines classic mid-century character with numerous recent improvements. And a 5.8% CAP rate! Call today. RENT ROLL AND ACTUAL plus PROJECTED OPERATING STATEMENTS AVAILABLE UPON REQUEST.

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

5

PRICE/UNIT

$439,800

CAP RATE

5.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

LARD1.5

APN/PARCEL ID

2419-015-014

ASK ABOUT THIS PROPERTY

Laurence CookCompassMore Info
818-999-2030

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Laurence CookCompassMore Info
818-999-2030

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