5237 Cahuenga Blvd - Apartments FOR SALE


North Hollywood, CA 91601
$1,550,000 USD
626-376-9224
5237 Cahuenga Blvd, North Hollywood, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/13
null | 5.87% Cap Rate

5237 Cahuenga Blvd
North Hollywood, CA 91601


HIGHLIGHTS

  • Six-unit apartment building in Great NoHo Location with a walk score of 82
  • Great unit mix of (1) – 3 bed / 2 bath, (1) – 2 bed / 1 bath, and (4) – 1 bed / 1 bath units with approximate rental upside of ±25%
  • Units #1 and 2 offer their own individual water heater and Units A-D use the house water heater
  • Copper plumbing throughout (Buyer to verify)
  • Great ADU opportunity to convert tuck-under spaces on Willowcrest Avenue while maintaining parking for existing tenants (Buyer to verify)
  • Secure keypad block-to-block access on Cahuenga Boulevard and Willowcrest Avenue

OVERVIEW

Located on Cahuenga Boulevard in North Hollywood, California, this six unit apartment complex is a great opportunity for an investor to purchase a great cash-flowing asset in a prime location in the San Fernando Valley. Offering a unit mix of (4) - 1 bed / 1 bath, (1) - 2 bed / 1 bath, and (1) - 3 bed / 2 bath, the total building square footage is ±4,520. The property offers secure gate keypad entry, parking, and a clean central courtyard. Furthermore, the building is outfitted with copper plumbing. Tenants have access to an on-site laundry room which has no laundry lease.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

6

PRICE/UNIT

$258,333

CAP RATE

5.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAR3

APN/PARCEL ID

2416-028-029

ASK ABOUT THIS PROPERTY

Casey PicardKW CommercialMore Info
626-376-9224

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Casey PicardKW CommercialMore Info
626-376-9224

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