6726 Beck Ave - Apartments FOR SALE


North Hollywood, CA 91606
$1,300,000 USD
213-943-1855
6726 Beck Ave, North Hollywood, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/6
null | 4.24% Cap Rate

6726 Beck Ave
North Hollywood, CA 91606


HIGHLIGHTS

  • Half of the Units Constructed in 2004 and Not Subject to Los Angeles Rent Control
  • Full Copper Plumbing with New Roof Installed in 2021
  • Available with Adjacent 6727 Camellia Avenue Property, Providing Large 13,297 Square Foot Block-to-Block Parcels Spanning Over ¼ Acre
  • Potential to Dramatically Improve Income via Construction of ADUs (Buyer to Verify)
  • Tier 1 TOC Designation
  • Not on LADBS Seismic Retrofit List (Buyer to Verify)

OVERVIEW

Marcus & Millichap is pleased to announce the opportunity to purchase 6726 Beck Avenue, a well-maintained four-unit multifamily property located in vibrant North Hollywood, CA. The 6,751 square foot lot features two separate buildings totaling 2,448 square feet. One of the buildings was constructed in 2004, making both two-bedroom units within exempt from Los Angeles rent control. Being listed for sale along with the adjacent property at 6727 Camellia Avenue could allow an investor to control two parcels that span block-to-block and cover approximately 13,297 square feet of land. Both parcels are situated within a Tier 1 TOC zone, and a new owner may be able to boost revenue substantially by adding ADUs to the lot. The property features full copper plumbing and the owner has maintained the property well, including the installation of a brand new roof in 2021. New window screens, exterior lighting, and security cameras were added recently as well. The on-site laundry facilities offer a supplemental income stream to a new investor. With its solid pipeline of recent and upcoming development projects, North Hollywood has benefited from a strong influx of capital. The new NoHo West mixed-use development features a Trader Joe’s, Nordstrom Rack, Regal Cinema, LA Fitness, and several other shops and restaurants as its accompanying 644-unit multifamily development moves forward through construction. A proposed $1 billion mixed-use campus, dubbed District NoHo and featuring approximately 22 million square feet of retail, restaurant, office, and residential space could come online just south of the property.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$531 USD /SF

# OF UNITS

4

PRICE/UNIT

$325,000

CAP RATE

4.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Half of Units Built in 2004 and Not LA RSO

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,751 SF

ZONING

LARD1.5

APN/PARCEL ID

2320-016-007

ASK ABOUT THIS PROPERTY

Rick RaymundoMarcus and MillichapMore Info
213-943-1855

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Rick RaymundoMarcus and MillichapMore Info
213-943-1855

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