Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

8

Building size

14,552 sqft

Lot size

13,168 sqft

Year built

2020

Stories

0

Heating

Central

Cooling

Central Air

Status

Active

Days on market

1

MLS #

249319352

About this property

2022 build- Non Rent Control asset -Situated 1.5 miles from the North Hollywood Arts District and the North Hollywood Metro Station .This is a collection of meticulously-designed modern townhomes. Each townhome features private balconies, a covered two-car garage and are individually metered for water, gas and electricity. Minimal owner maintenance and utility cost and ease of management make for a steady cash flow stream. (7) 4-bedroom & 4-bath townhomes, each aapprox. 1,800 SF . (1) 3 bedroom & 3 bath unit , 1200 sq ft , and (1) one bedroom & 1 bath unit 800 sq ft - each Furnished with high-end finishes and equipped with brilliant smart home tech.North Hollywood has approximately 160,000 residents with a median age of 36, reflecting a strong renter age demographic. Approx 75 % of local residents rent rather than own. Proximity to entertainment and employment centers drive rental demand. Median household income is $85k. Major film, television and media production along with restaurants , hospitality, and construction trades abound with the Burbank Media District, Universal Studios and the Hollywood entertainment corridor nearby. The popular NoHo Arts District is a walkable urban environment with growing nightlife, theaters, restaurants , and galleries.

Location

6056 Craner Avenue

North Hollywood, Los Angeles, CA, 91606