7107 Coldwater Canyon Ave - Apartments FOR SALE


North Hollywood, CA 91605
$1,685,000 USD
805-587-1983
7107 Coldwater Canyon Ave, North Hollywood, CA for Sale
$1,685,000 USD
Apartments - FOR SALE
1/11
null | 4.51% Cap Rate

7107 Coldwater Canyon Ave
North Hollywood, CA 91605


HIGHLIGHTS

  • 4 of 6 units Impeccably Renovated & Bldg Well Maintained With Copper Throughout & New Roof Installed in 2020
  • Consistent Zero to Low Vacancy, with 4 units @ Market Rent, Remaining Umimproved Units are 2+1's
  • Additioanl Unit Expansion Possibilty As Demonstrated by Adjacent Neighbor Build-Out
  • Excellent Unit Mix of 4 2BR+2BTH, and 2 1BR+1BTH
  • Property Located On Major Throughfare with High Visibilty

OVERVIEW

Rare Investment Opportunity On Coldwater Canyon Avenue—Strong Income with Expansion Upside. Unlock the full potential of this 6-unit multi-family property. With four renovated units already commanding top market rents, this income-generating gem is an ideal acquisition for both seasoned investors and first-time multifamily buyers who are looking to transition from SFR rentals. The unit mix of four 2 bed/1 bath and two 1 bed/1bath is ideal with each unit having 1 covered parking space. All units have separate gas and electricity meters, with water on master meter. Strategically positioned just west of the CA 170 freeway, this property benefits from exceptional connectivity to major employment hubs, high visibility, and as a result consistently enjoys strong tenant demand. Most importantly, there is value-add potential with the possibility of adding 1-2 new units as the adjacent owner is already doing (confirm with the city), bringing 2 two bedrooms units to market rent after tenant turnover, plus the opportunity to double the parking, and thereby maximize cash flow by leasing extra parking spaces, & renting out storage closets. Whether you’re scaling a growing portfolio or stepping for the first time into multi-family ownership , this well-maintained, high-demand asset is an opportunity that shouldn’t be missed. Property sales along the Coldwater Canyon corridor are few and far between.

FOR SALE DETAILS

PRICE

$1,685,000 USD

PRICE/SF

$382 USD /SF

# OF UNITS

6

PRICE/UNIT

$280,833

CAP RATE

4.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Unlock Potential of This Multi-Unit Gem

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAR3

APN/PARCEL ID

2327-018-066

ASK ABOUT THIS PROPERTY

Jose PascualKREGMore Info
805-587-1983

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Jose PascualKREGMore Info
805-587-1983

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