CA > North Hollywood
North Hollywood, CA 91605,6945 Hinds AVE
North Hollywood, CA 91605,6945 Hinds AVE
North Hollywood, CA 91605,6945 Hinds AVE
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$2,000,000
Est. payment /mo
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20 Beds
11 Baths
8,382 SqFt
Active

6945 Hinds AVE North Hollywood, CA 91605

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Jenny Wu

Jenny Wu

+1(909) 569-8888

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,382 sqft

Price per Sqft $238

MLS Listing ID 25525687

Bedrooms 20

HOA Y/N No

Year Built 1963

Lot Size 9,003 Sqft

Property Description

Constructed in 1963, the property sits on a corner lot and contains mostly two-bedroom units. A new investor may be able to add significant value to the asset as current rents sit well below those of similar neighboring properties. With approximately 62% rent upside, the investment provides a long runway for future income growth. Fortunately for a new investor, the property's expensive seismic retrofit repairs have already been completed (Buyer to verify). The building also features upgraded electrical panels, vinyl windows, and an upgraded roof, helping the owner to save on maintenance, utility, and insurance costs. There is on-site parking for 12 vehicles, while the laundry facilities provide a supplemental income stream for the owner. Located near the intersection of Laurel Canyon Boulevard and Vanowen Street, the property allows tenants convenient access to the 5 and 170 Freeways. The recently constructed NOHO West shopping center sits just one mile from the property, offering a convenient shopping and dining destination for residents. In addition to the Trader Joe's, Nordstrom Rack, LA Fitness, and Regal Cinemas featured in that center, the local neighborhood also includes Costco, Home Depot, and Target.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Fireplace No

Exterior

Parking Features Assigned

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2321014005

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap

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agent

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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6945 Hinds AVE

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