6709 Lemp Ave - Apartments FOR SALE


North Hollywood, CA 91606
$1,200,000 USD
818-381-6601
6709 Lemp Ave, North Hollywood, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/31
null | 5.44% Cap Rate

6709 Lemp Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • Great North Hollywood Location
  • On-Site Parking
  • Individually Metered For Gas & Electric
  • NoHo Arts District Nearby
  • Short Distance To Hollywood Burbank Airport
  • CA-170 Freeway Nearby

OVERVIEW

Situated at 6709 Lemp Ave in the heart of North Hollywood, this property offers a unique blend of convenience, accessibility, and vibrant urban living. Featuring a unit mix of four 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, this property is an excellent investment or leasing opportunity for those looking to cater to North Hollywood's thriving rental market. Its thoughtful design, combined with individually metered gas and electric utilities, ensures efficiency and tenant autonomy. Located near the dynamic NoHo Arts District, this property provides residents with access to a diverse array of cultural attractions, trendy dining spots, and entertainment venues. The proximity to the CA-170 freeway and major transit routes ensures easy commutes, while the short distance to Burbank Airport adds convenience for frequent travelers. On-site parking further enhances the property's appeal, offering added convenience for tenants and their guests. Practicality meets accessibility with shopping centers like the Costco Business Center and Home Depot just moments away, ensuring all necessities are within reach. Additionally, the nearby transit options and vibrant retail hubs make this property an attractive choice for tenants seeking the perfect balance of work, play, and convenience. Whether you're an investor or tenant, 6709 Lemp Ave promises an ideal opportunity in a highly sought-after North Hollywood location.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$402 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

5.44%

% 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

1931

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,591 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

2320-014-017

ASK ABOUT THIS PROPERTY

James AntonucciAPLA GROUPMore Info
818-381-6601

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James AntonucciAPLA GROUPMore Info
818-381-6601

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