6827 Radford Avenue
North Hollywood, CA 91605
0.18 acres | #SR24217608
Description
Presenting a rare opportunity to acquire a well-maintained 7-unit, 2 story residential building in the heart of North Hollywood. This 4,081 sq. ft. property is situated on a 7,882 sq. ft. lot, with each unit featuring a 1-bedroom, 1-bathroom layout. The uniform floor plans offer operational efficiency and broad appeal to a diverse tenant base, ensuring ease of management.
Zoned LARD1.5, this property provides exciting development potential, making it an ideal blend of immediate cash flow and long-term growth prospects. Units are leased with dependable tenants, providing steady cash flow and peace of mind. Plans have been submitted to add two Additional Dwelling Units (ADUs) at the rear, presenting a compelling value-add opportunity.
Whether you choose to build the ADUs and sell for a profit or retain the property for long-term income, the potential is substantial. With all units occupied and a path to achieving over a 10% cap rate, this investment offers immediate returns and significant upside.
Property Details
- Lot DescriptionSixToTenUnitsAcre
- Stories2
Measurements
- Acres0.1823
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1951
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,599,000
Other
- MLS #SR24217608
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Shira Dunn (#SR207068984)
Listing Office: Keller Williams Coastal Properties (#SR1204003)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
