CA > North Hollywood
North Hollywood, CA 91605,6827 Radford AVE
North Hollywood, CA 91605,6827 Radford AVE
North Hollywood, CA 91605,6827 Radford AVE
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Shira Dunn • Keller Williams Luxury
$1,350,000
Est. payment /mo
7,941 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR25040091

Year Built 1951

Lot Size 7,941 Sqft

Source California Regional MLS

Property Description

Back on the market, canceled at no fault to seller! Rare opportunity! Whether you choose to build the ADU's and sell for a profit or retain the property for long-term income, the potential is substantial. With 6 units occupied and 1 vacant, and 3 units completely and newly remodeled, a path to achieving a 5.6% gross rate, this investment offers immediate returns and significant upside. Presenting a rare opportunity to acquire a well-maintained 7-unit, 2 story residential building in the heart of North Hollywood. This 4,081 sq. ft. property is situated on a 7,882 sq. ft. lot, with each unit featuring a 1-bedroom, 1-bathroom layout. The uniform floor plans offer operational efficiency and broad appeal to a diverse tenant base, ensuring ease of management. Zoned LARD1.5, this property provides exciting development potential, making it an ideal blend of immediate cash flow and long-term growth prospects. Units are leased with dependable tenants, providing steady cash flow and peace of mind. Plans have been submitted to add two Additional Dwelling Units (ADUs) at the rear, presenting a compelling value-add opportunity.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Interior

Laundry Washer, Dryer

Exterior

Garage Spaces 8.0

Pool None

Building

Water District - Public

Others

Tax ID 2321022022

Special Listing Condition Not Applicable

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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