North Hollywood (los Angeles), CA 91605,6827 Radford Avenue
North Hollywood (los Angeles), CA 91605,6827 Radford Avenue
North Hollywood (los Angeles), CA 91605,6827 Radford Avenue
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$1,485,000
Est. payment /mo
4,031 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 4,031 sqft

Price per Sqft $368

MLS Listing ID CRSR25040091

HOA Y/N No

Year Built 1951

Lot Size 7,941 Sqft

Acres 0.18

Property Sub-Type Other

Property Description

Back on the market, canceled at no fault to seller! Rare 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 6 units occupied and 1 vacant, a path to achieving a 5.6% gross 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.

Location

State CA

County Los Angeles

Interior

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 2321022022


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Bridge MLS
Listed by Shira Dunn • Keller Williams Luxury

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agent

Parisa Samimi

+1(510) 410-4050

Founder & Real Estate Broker | License ID: 01858122

Founder & Real Estate Broker License ID: 01858122

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6827 Radford Avenue