5335 Harmony Ave - Apartments FOR SALE


North Hollywood, CA 91601
$1,595,000 USD
818-640-4360
5335 Harmony Ave, North Hollywood, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/26
null | 5.73% Cap Rate

5335 Harmony Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • 8 units in NoHo South of Magnolia
  • Each unit has central HVAC units
  • First floor units have two patios

OVERVIEW

Equity Union Commercial is proud to represent this 8 unit property in North Hollywood. The property was constructed in 1955. Its unit mix consists of (4) studio units and (4) 1+1 units. With a lot size of 7,514 square feet, the property has a total of 2,297 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$301 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,375

CAP RATE

5.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,725 SF

ZONING

LAMR1

APN/PARCEL ID

2416-008-016

ASK ABOUT THIS PROPERTY

Cindy HillEquity Union Real EstateMore Info
818-640-4360

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Cindy HillEquity Union Real EstateMore Info
818-640-4360

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