5544 Elmer Ave - Apartments FOR SALE


North Hollywood, CA 91601
$1,800,000 USD
626-898-2308
5544 Elmer Ave, North Hollywood, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/4
null | 5.4% Cap Rate

5544 Elmer Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Multi-Family Opportunity - 6-Unit Investment | NoHo Arts District
  • Gated and secured for tenant safety and peace of mind
  • Laundry Income: On-site coin-operated washers and dryers generating approximately $350/month in additional income

OVERVIEW

6 UNIT APARTMENT COMPLEX FOR SALE Multi-Family Opportunity - 6-Unit Investment | NoHo Arts District Property Overview: Units: 6 residential units - 2 Beds / 1.5 Bath - 1 unit - 1 Bed / 1 Bath - 3 units - Studio / 1 Bath - 2 units Parking: 6 spaces (2 are tandem — total capacity for 8 vehicles) Access: Gated and secured for tenant safety and peace of mind Laundry Income: On-site coin-operated washers and dryers generating approximately $350/month in additional income Utilities: - Tenant pays: Electricity and gas - Landlord pays: Water, trash, and common-area lighting Storage: Ample storage space for tenants No Smoking Policy: Maintains cleanliness and minimizes property wear Location & Accessibility: - Situated in the NoHo Arts District, known for its theaters, galleries, vibrant dining, and creative energy - Transit: Exceptionally transit-friendly — North Hollywood Metro Station is just 0.3 miles away (~5-minute walk). This includes access to both the Red Line (B Line) subway and the G Line Bus Rapid Transit system - Walkability & Transit Quality: Walk Score: 90 — a walker’s paradise Transit Score: 67 — excellent transit access Bike Score: 77 — very bikeable

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

6

PRICE/UNIT

$300,000

CAP RATE

5.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GATED 6-UNIT APARTMENT COMPLEX

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,528 SF

ZONING

LAR4

APN/PARCEL ID

2350-006-009

ASK ABOUT THIS PROPERTY

Kathi Constanzo, CCIMColdwell Banker Commercial RealtyMore Info
626-898-2308

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Kathi Constanzo, CCIMColdwell Banker Commercial RealtyMore Info
626-898-2308

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