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$ 1,995,000
Est. payment | /mo
7 Beds
6 Baths
7,500 Sqft Lot
$ 1,995,000
Est. payment | /mo
7 Beds
6 Baths
7,500 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26050481
Bedrooms 7
Lot Size 7,500 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This opportunity is an 8-unit multifamily investment opportunity located in a prime West Toluca Lake / North Hollywood neighborhood, one of the San Fernando Valleys most desirable and supply-constrained rental markets. Built in 1962, the property consists of approximately 7,236 square feet of improvements situated on a 7,500 square foot LAR3-zoned parcel, offering both strong in-place income and future upside potential. The unit mix includes five one-bedroom units, two two-bedroom/two-bath units, and one spacious three-bedroom/two-bath unit, providing an attractive diversity of layouts that appeal to a wide tenant base. The building has been improved over time, featuring a roof replacement completed in 2024, upgraded copper plumbing, and completed Soft-Story seismic retrofit. In addition, the property is not subject to SB 721 balcony inspection requirements, reducing future capital expenditure concerns. A shared on-site laundry room provides additional tenant convenience and supplemental income potential. Offered for sale for the first time in more than 50 years, this generational asset presents a unique opportunity to acquire a well-located apartment building with strong fundamentals, operational simplicity, and long-term growth potential. The property is ideally positioned near the border of North Hollywood and Toluca Lake, two highly sought-after rental submarkets known for strong tenant demand, walkability, and proximity to major employment centers. The location benefits from convenient access to the NoHo Arts District, Universal Studios, Studio City, Burbank Media Dist
Location
State CA
County Los Angeles
Zoning Assessor
Direction North on Vineland Avenue turn West on Camarillo Street.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2353026008
Acceptable Financing Cash
Listing Terms Cash

Listed by Reza Ghobadi, DRE#01780045 Reza Ghobadi
NEARBY SCHOOL & BUSINESS
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