Est. cap rate

4.2%

Assumed rent, all units

$9,080/mo

Units

4

Price per unit

$324,750

Est. annual NOI

$54,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

2,448 sqft

Lot size

6,751 sqft

Year built

2004

Stories

1

Garage spaces

0

Heating

Wall Furnace,Central

Cooling

Central Air,Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

0

MLS #

248959381

About this property

Unique North Hollywood 4-unit investment and owner-user opportunity offered as part of a dual-parcel, block-to-block multifamily assemblage. The Beck Avenue property consists of four existing units across two buildings on an approximately 6,750 SF lot. The front building was originally constructed in 1956, while the rear building was built in 2004, providing a unique combination of established multifamily improvements and newer construction. Offered at $1,299,000, this property is intended to be purchased concurrently with the adjoining triplex at 6727 Camellia Avenue, separately offered at $999,000. Together, the properties create a 7-unit investment on approximately 13,500 SF of contiguous land extending from Beck Avenue to Camellia Avenue. Together, the two contiguous parcels create approximately 13,500 SF of land—nearly one-third of an acre—with block-to-block frontage from Beck Avenue to Camellia Avenue. Combined, the properties offer 7 existing units and a unique long-term investment opportunity. A vacant unit creates an attractive opportunity for a potential owner-occupant while collecting rental income from the remaining units. Because this parcel contains four units, qualified buyers may also be able to explore residential 1–4 unit financing rather than traditional commercial multifamily financing, subject to lender guidelines and borrower qualification. The property features gated access, a newer roof, copper plumbing, separately metered utilities, on-site laundry, security cameras and a majority of renovated units. The combined assemblage also offers significant long-term optionality. The open area between the two parcels may provide potential for additional ADUs, and the dual-street configuration provides access from both Beck and Camellia Avenues. All development concepts are subject to buyer investigation and City approval. Sale of this property is contingent upon the concurrent sale and closing of 6727 Camellia Avenue. Seller will not sell either parcel independently. Buyer to independently verify all rents, expenses, square footage, zoning, ADU/development potential, financing availability and property information.

Location

6726 Beck Avenue

North Hollywood, Los Angeles, CA, 91606