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Listed by David Nalbandyan, DRE #01869296 • LA Premier Realty
$ 3,500,000
Est. payment /mo
New
12635 Vanowen ST North Hollywood, CA 91605
0.32 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26231521
Year Built 1958
Lot Size 0.316 Acres
Source California Regional MLS
Property Description
A 15-unit Multifamily Located in Noho West With over 60% Upside on rent and currently operating at a 5% CAP Rate. the Property Boasts an Appealing Blend of Units (7 2bedrooms & 8 1bedrooms), All Surrounding a Stunning Courtyard. Each Unit Offers Spacious Living Areas and Private Balconies. The property currently collects $270K in rent with proforma rents reaching $427K, resulting in a Proforma GRM of 8.19 and Proforma CAP rate of 9.65%. Recent Capital Improvements include EQ Retrofitting, Main Panel Upgrades, new asphalt and Three Units with Complete Interior Renovations
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Laundry Laundry Area
Exterior
Garage Spaces 15.0
Pool None
Building
Water District - Public
Others
Tax ID 2324026005
Special Listing Condition Not Applicable
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