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    6717 Satsuma Ave

    North Hollywood, CA 91606
    • $4,100,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 20-594024
    UPDATED: 75 min ago
    $4,100,000
    • 24
      BEDS
    • 0.45
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 13,922
      SQFT
    • $294
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Opportunity Zone Investment. Hard-to-Find 24 - Unit Well Maintained Asset. No Seismic Retrofit Required. Parking is detached from Building. Located in the Highly Coveted North Hollywood District. Impressive Frontage on Satsuma Avenue. Recent Upgrades and Strong Current Rents. 4.69% Current Cap and 13.2 GRM with Significant Upside. Copper Plumbing.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-06T06:42:42.673. 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/107075896
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    6717 Satsuma Ave North Hollywood, CA 91606

    • Price: $4,100,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: 20-594024
    24
    Beds
    0
    Baths
    0
    ½ Baths
    0.45
    Acres
    13,922
    SQFT
    $294
    $/SQFT
    1961
    Built
    Neighborhood:
    North Hollywood
    County:
    Los Angeles
    Area:
    North Hollywood
    Property Description
    Opportunity Zone Investment. Hard-to-Find 24 - Unit Well Maintained Asset. No Seismic Retrofit Required. Parking is detached from Building. Located in the Highly Coveted North Hollywood District. Impressive Frontage on Satsuma Avenue. Recent Upgrades and Strong Current Rents. 4.69% Current Cap and 13.2 GRM with Significant Upside. Copper Plumbing.
    Exterior Features

    Lot Size Area 19500 Other Structures None Parking Garage Carport Detached Pool Description Fenced Pool YN Yes Style Contemporary Total Parking 24 View Description City View YN Yes

    Interior Features

    Baths Total 24.00 Common Walls Detached/No Common Walls Cooling Wall/Window Equipment Built-Ins Heating Wall Electric Laundry Community

    Property Features

    Gross Income 308695 Gross Operating Income 299507 Like Units1 4 Like Units2 16 Like Units3 4 Net Operating Income 192371.00 Number Of Buildings 1 Number Of Units 24 Sale Type Standard Security Features Automatic GateExterior Security LightsGatedSmoke DetectorResident Manager Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 107136 Type Of Units Apartments Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jeanette Monfared DRE#00765098 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-06T06:42:42.673. 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