6242-6248 Vineland Ave - Apartments FOR SALE


North Hollywood, CA 91606
$5,195,000 USD
818-903-8088
6242-6248 Vineland Ave, North Hollywood, CA for Sale
$5,195,000 USD
Apartments - FOR SALE
1/20
null | 5.61% Cap Rate

6242-6248 Vineland Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • Built in 1989 (exempt from LA City rent control)
  • Newer Roof (2022)
  • Gated and Access Controlled Building
  • Close to all Public Transportation and Major Shopping

OVERVIEW

IMPROVED PRICING VINELAND 19: This investment property, constructed in 1989 and exempt from LA City rent control, is presented at a 5.5 CAP rate and a 12.10 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, this gated and access controlled building offers convenient access to NoHo, Burbank, and Studio City, as well as nearby shopping, dining, and entertainment venues. The Transit Oriented Community (TOC) Tier 3 designation provides tenants with easy access to public transportation. This well-maintained asset represents a valuable addition to any portfolio, with recent upgrades including a new roof in-stalled in 2022. PLEASE NOTE: all one-bedroom units are spacious singles featuring a partition wall, giving the appearance of traditional one-bedroom layouts.

FOR SALE DETAILS

PRICE

$5,195,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

19

PRICE/UNIT

$273,421

CAP RATE

5.61%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

19 Units - North Hollywood - 5.4 CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1989

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,765 SF

ZONING

LARD 1.5

APN/PARCEL ID

2414-001-036

ASK ABOUT THIS PROPERTY

Ed KoenigEK-IRE Koenig PropertiesMore Info
818-903-8088

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Ed KoenigEK-IRE Koenig PropertiesMore Info
818-903-8088

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