6153 Coldwater Canyon Avenue

    Valley Glen, CA 91606
    • $7,750,000
    • STATUS: Active
    • ON SITE: 14 days
    • ID#: 19527056
    UPDATED: 205 min ago
    $7,750,000
    • 0
      BEDS
    • 0.82
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 18,770
      SQFT
    • $413
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    The Flashman Investment Group is proud to present to market 6153 Coldwater Canyon Ave, a 36-unit apartment building in the city of North Hollywood which some searches are also saying the property is located Valley Glenn. This offering presents an excellent opportunity to acquire an asset with a desirable unit mix with the ability for a new investor to capture significant potential upside. The building was constructed in 1958 and is situated on an expansive 35,780 of square feet lot. The property offers a compelling unit mix of 15 singles, 2 bachelors, 13 one bedroom and one bath plus 6 two bedroom and two baths. The singles and bachelor utilities are paid by the owner and have not entered into RUBS. The ample parking provides one sport per bedroom for parking (including singles and bachelors having a spot each). All seismic retrofit has been completed.**drive by only, no entry without an accepted offer. Email for full package.**

    Monthly Payment Calculator



    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/100551448

    6153 Coldwater Canyon Avenue Valley Glen, CA 91606

    • Price: $7,750,000
    • Status: Active
    • Updated: 205 min ago
    • ID#: 19527056
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.82
    Acres
    18,770
    SQFT
    $413
    $/SQFT
    1958
    Built
    Neighborhood:
    VG - Valley Glen
    County:
    Los Angeles
    Area:
    VG - Valley Glen
    Property Description
    The Flashman Investment Group is proud to present to market 6153 Coldwater Canyon Ave, a 36-unit apartment building in the city of North Hollywood which some searches are also saying the property is located Valley Glenn. This offering presents an excellent opportunity to acquire an asset with a desirable unit mix with the ability for a new investor to capture significant potential upside. The building was constructed in 1958 and is situated on an expansive 35,780 of square feet lot. The property offers a compelling unit mix of 15 singles, 2 bachelors, 13 one bedroom and one bath plus 6 two bedroom and two baths. The singles and bachelor utilities are paid by the owner and have not entered into RUBS. The ample parking provides one sport per bedroom for parking (including singles and bachelors having a spot each). All seismic retrofit has been completed.**drive by only, no entry without an accepted offer. Email for full package.**
    Exterior Features

    Lot Size Source See Remarks Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 3.77 Gross Multiplier 14.22 Gross Operating Income 544944.00 Laundry YN Yes Net Operating Income 292070.00 Special Listing Conditions Standard Total Expenses 241975.00 Zoning Lar3

    Listing provided courtesy of Jason Flashman of Keller Williams-Santa Monica and Chase Simonton of Keller Williams-Santa Monica


    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.
     
    Allison James Estates and Homes
    31213 Temecula Parkway
    Temecula CA, 92592