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    6516 Vineland Ave

    North Hollywood, CA 91606
    • $8,400,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: 20-578786
    UPDATED: 157 min ago
    $8,400,000
    • 44
      BEDS
    • 68
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,399
      SQFT
    • $359
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Pleased to present 14 bright and open townhome style units constructed in 2020 and located in North Hollywood, California. The buildings are comprised of 7 separate duplex structures featuring a unit mix of (8) 3 bedroom 3.5 bathroom Townhomes and (2) 4 bedroom/4 bathroom Townhomes. The large Townhomes feature high end finishes such as wood laminate flooring, designer tile backsplashes and stainless steel appliances. Each unit also features a two car garage with direct access to the unit, central heat and air-conditioning, washer/dryer, dishwasher and garbage disposal. The property is located in an Opportunity Zone with Potential Tax Benefits if the property is held for a period of 7-10 years. The Seller may be able to deliver the property prior to the lease up in order for the buyer to take advantage of the possible Opportunity Zone tax benefits (consult your tax professional, Broker makes no claims).

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-11T23:42:34.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106577275
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    6516 Vineland Ave North Hollywood, CA 91606

    • Price: $8,400,000
    • Status: Active
    • Updated: 157 min ago
    • ID#: 20-578786
    44
    Beds
    0
    Baths
    0
    ½ Baths
    68
    Acres
    23,399
    SQFT
    $359
    $/SQFT
    2020
    Built
    Neighborhood:
    North Hollywood
    County:
    Los Angeles
    Area:
    North Hollywood
    Property Description
    Pleased to present 14 bright and open townhome style units constructed in 2020 and located in North Hollywood, California. The buildings are comprised of 7 separate duplex structures featuring a unit mix of (8) 3 bedroom 3.5 bathroom Townhomes and (2) 4 bedroom/4 bathroom Townhomes. The large Townhomes feature high end finishes such as wood laminate flooring, designer tile backsplashes and stainless steel appliances. Each unit also features a two car garage with direct access to the unit, central heat and air-conditioning, washer/dryer, dishwasher and garbage disposal. The property is located in an Opportunity Zone with Potential Tax Benefits if the property is held for a period of 7-10 years. The Seller may be able to deliver the property prior to the lease up in order for the buyer to take advantage of the possible Opportunity Zone tax benefits (consult your tax professional, Broker makes no claims).
    Exterior Features

    Covered Parking 28 Lot Size Area 29401 Other Structures None Parking Garage Attached Total Parking 28

    Interior Features

    Baths Total 56.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 574800 Gross Operating Income 557556 Like Units1 12 Like Units2 2 Net Operating Income 412306.00 Number Of Buildings 7 Number Of Units 14 Sale Type Standard Source Living Area Builder Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Total Annual Expense 145250 Type Of Units Residential Year Built Source Builder Zoning Lard2

    Listing provided courtesy of Jon Emrani DRE#01427038 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-11T23:42:34.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355