$810,000
$1,050,000
22.9%For more information regarding the value of a property, please contact us for a free consultation.
5653 Bakman Avenue North Hollywood, CA 91601
3 Beds
2 Baths
8,102 Sqft Lot
Key Details
Sold Price $810,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24064387
Bedrooms 3
Lot Size 8,102 Sqft
Property Description
Nestled in the heart of North Hollywood, this charming six-unit apartment building on Bakman Ave offers residents an urban oasis amidst the bustling cityscape. Situated within close proximity to trendy cafes, eclectic eateries, and vibrant entertainment options, this property embodies the epitome of convenient city living. 5653 Bakman Ave is a charming 6-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This six-unit apartment building is comprised of (4) Four (1) One-bedroom and (1) One-bath units, and (2) Two (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. This covenant limits how much you can charge for market rent once a unit be
Nestled in the heart of North Hollywood, this charming six-unit apartment building on Bakman Ave offers residents an urban oasis amidst the bustling cityscape. Situated within close proximity to trendy cafes, eclectic eateries, and vibrant entertainment options, this property embodies the epitome of convenient city living. 5653 Bakman Ave is a charming 6-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This six-unit apartment building is comprised of (4) Four (1) One-bedroom and (1) One-bath units, and (2) Two (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. This covenant limits how much you can charge for market rent once a unit becomes vacant. ***Property must be sold with 5640 Bakman Ave in North Hollywood***
Location
State CA
County Los Angeles
Area North Hollywood (91601)
Zoning Other
Building
Story 2
Others
Monthly Total Fees $81
Space Rent $4,098
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Bought with James Antonucci • Keller Williams Realty-Studio City