6056 Craner Ave - Apartments FOR SALE


North Hollywood, CA 91606
$6,250,000 USD
310-466-0888
6056 Craner Ave, North Hollywood, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/27
null | 5.1% Cap Rate

6056 Craner Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • 2022 build- Non Rent Control asset -Situated 1.5 miles from the North Hollywood Arts District and the North Hollywood Metro Station
  • This is a collection of meticulously-designed modern townhomes. Each townhome features private balconies, and covered two-car garages
  • (7) 4-bedroom & 4-bath townhomes, each aapprox. 1,800 SF . Furnished with high-end finishes and equipped with brilliant smart home tech.
  • (1) 3 bedroom & 3 bath unit , 1200 sq ft , and (1) one bedroom & 1 bath unit 800 sq ft - each Furnished with high-end finishes and equipped with bri
  • North Hollywood has approximately 160,000 residents with a median age of 36, reflecting a strong renter age demographic
  • Approx 75 % of local residents rent rather than own. Proximity to entertainment and employment centers drive rental demand. Median income is $85k

OVERVIEW

2022 build- Non Rent Control asset -Situated 1.5 miles from the North Hollywood Arts District and the North Hollywood Metro Station .This is a collection of meticulously-designed modern townhomes. Each townhome features private balconies, a covered two-car garage and are individually metered for water, gas and electricity. Minimal owner maintenance and utility cost and ease of management make for a steady cash flow stream. (7) 4-bedroom & 4-bath townhomes, each aapprox. 1,800 SF . (1) 3 bedroom & 3 bath unit , 1200 sq ft , and (1) one bedroom & 1 bath unit 800 sq ft - each Furnished with high-end finishes and equipped with brilliant smart home tech. North Hollywood has approximately 160,000 residents with a median age of 36, reflecting a strong renter age demographic. Approx 75 % of local residents rent rather than own. Proximity to entertainment and employment centers drive rental demand. Median household income is $85k. Major film, television and media production along with restaurants , hospitality, and construction trades abound with the Burbank Media District, Universal Studios and the Hollywood entertainment corridor nearby. The popular NoHo Arts District is a walkable urban environment with growing nightlife, theaters, restaurants , and galleries.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

9

PRICE/UNIT

$694,444

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,163 SF

ZONING

LARD1.5

APN/PARCEL ID

2414-004-020

ASK ABOUT THIS PROPERTY

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310-466-0888

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310-466-0888

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