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    6745 Coldwater Canyon Ave

    North Hollywood, CA 91606
    • $1,875,000
    • STATUS: Active
    • ON SITE: 40 days
    • MLS #: 21-685092
    UPDATED: 34 min ago
    $1,875,000
    • 6
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,123
      SQFT
    • $306
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:
    Area:

    School Ratings & Info

    Description

    6745 Coldwater Canyon Ave is an eight-unit investment opportunity in the North Hollywood neighborhood of Los Angeles located near the southwest intersection of Vanowen St and Coldwater Canyon Ave. The subject property, built in 1977, consists of five singles, one one-bedroom, one two-bedroom, and one three-bedroom two-and-a-half bath townhouse. Six of the eight units to be delivered vacant at the close of escrow allowing an investor the opportunity to renovate and achieve market rents immediately; projected CAP rate of 5.30%-5.34% when vacancies are leased at market rents.The property features 9 parking spaces and provides ease of management as gas and electric utilities are separately metered. The subject property is a total of 6,123 SF on a highly visible corridor in a prime North Hollywood location less than two miles from Los Angeles Valley College.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-07T23:43:55.073. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/113639510
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    6745 Coldwater Canyon Ave North Hollywood, CA 91606

    • Price: $1,875,000
    • Status: Active
    • Updated: 34 min ago
    • MLS #: 21-685092
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,123
    SQFT
    $306
    $/SQFT
    1977
    Built
    Neighborhood:
    Valley Glen
    County:
    Los Angeles
    Area:
    Valley Glen
    Property Description
    6745 Coldwater Canyon Ave is an eight-unit investment opportunity in the North Hollywood neighborhood of Los Angeles located near the southwest intersection of Vanowen St and Coldwater Canyon Ave. The subject property, built in 1977, consists of five singles, one one-bedroom, one two-bedroom, and one three-bedroom two-and-a-half bath townhouse. Six of the eight units to be delivered vacant at the close of escrow allowing an investor the opportunity to renovate and achieve market rents immediately; projected CAP rate of 5.30%-5.34% when vacancies are leased at market rents.The property features 9 parking spaces and provides ease of management as gas and electric utilities are separately metered. The subject property is a total of 6,123 SF on a highly visible corridor in a prime North Hollywood location less than two miles from Los Angeles Valley College.
    Exterior Features

    Exterior Construction Hard Coat Lot Size Area 6049 Other Structures None Parking Garage Driveway Total Parking 9

    Interior Features

    Baths Total 9.00 Cooling Other Equipment Range/Oven Flooring HardwoodCarpet Heating Other

    Property Features

    Assessed Total Value 483360 Gross Income 158712 Gross Operating Income 150776 Like Units1 5 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 99398.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Owner Source Lot Size Area Owner Total Annual Expense 51378 Type Of Units Apartment Water Heaters YN Yes Year Built Source Other Zoning R1-1

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-07T23:43:55.073. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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