6827 Radford Avenue

North Hollywood, CA 91605

$1,599,000

List Price

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bed Beds

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shower Baths

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1951

calendar_month Built

Property Description

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 6 units occupied and 1 vacant, a path to achieving over a 10% cap rate, this investment offers immediate returns and significant upside. 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.

Listing Information

List Price $1,599,000
Status Active
MLS SR24217608
Type Residential Income
Subtype Apartment
Year Built 1951
Lot Size 7,941
Structure Size N/A
DOM 30
Courtesy Of Keller Williams Coastal Properties
Listing Agent Shira Dunn DRE#02100807

Interior Features

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Bedrooms N/A
Total Bathroom
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Exterior Information

Maps

Listing information courtesy of: Shira Dunn, Keller Williams Coastal Properties . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 19th, 2024 at 7:34 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.