6041 E Cleon Avenue

    North Hollywood, CA 91606
    • $1,100,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: 19501506
    Price Reduced
    UPDATED: 165 min ago
    $1,100,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,274
      SQFT
    • $484
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Great income property, hot zone for AIR BNB renters/rates, perfect for onsite manager, or developer. Very popular and desirable for AIR BNB renters being minutes from the he NoHo Arts District & the new massive mixed-use commercial retail mall being built off Oxnard bringing lots of new shopping, dining, nightlife and theaters to the area. R1.5 MULTIFAMILY mixed-use commercial & residential, individual-metered fourplex is located in the center of North Hollywood, minutes from NoHo Arts District, Bob Hope, Metro access, public/private schools, Target, supermarkets and major freeway access to the 101 & 170 freeways. Four total units: 6041, 6041 1/2, 6043, & 6043 1/2 & 6043 1/2. Just a 10m drive to Universal Studios, Hollywood & Highland, & the Hollywood Bowl. STRONG RENT RATES GREAT 1031 EXCHANGE OPPORTUNITY ROOM TO EXPAND FOR DEVELOPER/INVESTOR(S) SELLER WILL ALSO CONSIDER CARRYBACK FINANCING

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T00:27:25.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/98114922

    6041 E Cleon Avenue North Hollywood, CA 91606

    • Price: $1,100,000
    • Status: Active
    • Updated: 165 min ago
    • ID#: 19501506
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,274
    SQFT
    $484
    $/SQFT
    1953
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Great income property, hot zone for AIR BNB renters/rates, perfect for onsite manager, or developer. Very popular and desirable for AIR BNB renters being minutes from the he NoHo Arts District & the new massive mixed-use commercial retail mall being built off Oxnard bringing lots of new shopping, dining, nightlife and theaters to the area. R1.5 MULTIFAMILY mixed-use commercial & residential, individual-metered fourplex is located in the center of North Hollywood, minutes from NoHo Arts District, Bob Hope, Metro access, public/private schools, Target, supermarkets and major freeway access to the 101 & 170 freeways. Four total units: 6041, 6041 1/2, 6043, & 6043 1/2 & 6043 1/2. Just a 10m drive to Universal Studios, Hollywood & Highland, & the Hollywood Bowl. STRONG RENT RATES GREAT 1031 EXCHANGE OPPORTUNITY ROOM TO EXPAND FOR DEVELOPER/INVESTOR(S) SELLER WILL ALSO CONSIDER CARRYBACK FINANCING
    Exterior Features

    Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Interior Features

    Appliances Disposal Appliances YN Yes

    Property Features

    Cap Rate 5.80 Gross Multiplier 14.09 Gross Operating Income 77520.00 Improvements Amount 134753 Land Value 200904 Net Operating Income 67020.00 Special Listing Conditions Standard Total Expenses 10500.00 Zoning Lard1.5

    Listing provided courtesy of Cesar Villar of Vista Sotheby's International


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-19T00:27:25.833. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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