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$1,395,000
Est. payment /mo
4,504 SqFt
Pending
7107 Coldwater Canyon Avenue North Hollywood (los Angeles), CA 91605
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,504 sqft
Price per Sqft $309
MLS Listing ID CRSR25115726
HOA Y/N No
Year Built 1958
Lot Size 6,912 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
For the Price of a SFR in the Valley but with Income! Rare Investment Opportunity On Coldwater Canyon Avenue-Strong Income with Expansion Upside. Unlock the full potential of this 6-unit multi-family property. With four renovated units already commanding top market rents, this income-generating gem is an ideal acquisition for both seasoned investors and first-time multifamily buyers who are looking to transition from SFR rentals. The unit mix of four 2 bed/1 bath and two 1 bed/1bath is ideal with each unit having 1 covered parking space. All units have separate gas and electricity meters. Strategically positioned just west of the CA 170 freeway, this property benefits from exceptional connectivity to major employment hubs, high visibility, and as a result consistently enjoys strong tenant demand. Most importantly, there is value-add potential with the possibility of adding 1-2 new units as the adjacent owner is already doing (confirm with the city), bringing 2 two bedrooms units to market rent after tenant turnover, plus the opportunity to double the parking, and thereby maximize cash flow by leasing extra parking spaces, & renting out storage closets. Whether you're scaling a growing portfolio or stepping for the first time into multi-family ownership , this well-maintained, hig
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Vinyl
Fireplace No
Laundry Common Area
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 2327018066

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Listed by Jose Pascual III • Escala Realty Group
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289
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