6003 Craner Ave - Apartments FOR SALE


North Hollywood, CA 91606
$1,790,000 USD
818-640-4360
6003 Craner Ave, North Hollywood, CA for Sale
$1,790,000 USD
Apartments - FOR SALE
1/38
null | 5.54% Cap Rate

6003 Craner Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • 7 units in the heart of North Hollywood close to the NoHo arts district, studios, restaurants, and transit
  • Property features a pitched roof, secured parking, on site laundry and intercom entry
  • Unit mix consists of (6) 1+1 units and (1) 2+1 unit
  • Subject to AB 1482 rent control
  • Upside on existing rents

OVERVIEW

Equity Union Commercial is proud to represent this 7 unit property in North Hollywood. The property was constructed in 1983. Its unit mix consists of (7) 1+1 units. With a lot size of 7,252 square feet, the property has a total of 4,448 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

$1,790,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

7

PRICE/UNIT

$255,714

CAP RATE

5.54%

% 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

1983

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,248 SF

ZONING

R4-1, City of L.A.

APN/PARCEL ID

2414-004-035

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.