5510 Corteen Pl - Apartments FOR SALE


North Hollywood, CA 91607
$4,750,000 USD
310-245-5600
5510 Corteen Pl, North Hollywood, CA for Sale
$4,750,000 USD
Apartments - FOR SALE
1/28
null | 6.04% Cap Rate

5510 Corteen Pl
North Hollywood, CA 91607


OVERVIEW

INVESTMENT HIGHLIGHTS Hard to find Seller-Financing opportunity at 4.5% interest only payments (term to be negotiated) Pristine 18-Unit Property in Prime Valley Village Large Lot Measuring Over HalfAcre (22,507 square feet) 60% of Units ( 11 Units) Fully Remodeled Property Maintained in Excellent Condition Great CurbAppeal on Residential Street Units Remodeled with State-of-the-Art materials, design, and appliances Vacant Units Equipped with Refrigerators Stainless SteelAppliances New Electrical Panels New exterior Paint New Windows Copper Plumbing New Water Heater New Recirculating Pump New Utility Fan New Pool Pump and Filter Seismic Retrofit Completed Large On-Site Storage room - possibleADU potential Large Laundry Room Pool Cabana Gated and Secured Entry Second Floor Units with Balconies Large Walk-in ClosetsHard to find Seller Six (6) Vacant Units allowing for maximum rental income Flexible residential density R3 zoning that offers addition ofADU units ( Buyer to Verify) as well as long-termvalue-add opportunity

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

15

PRICE/UNIT

$316,667

CAP RATE

6.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Seller Carry 4.5% Most of 18 Units Remodeled

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2347-008-002

ASK ABOUT THIS PROPERTY

Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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