Property listed by Matthews Real Estate Investment Services, Adam Feldman 866-889-0550
$1,100,000
6054 Farmdale Avenue offers an opportunity to acquire a well-located six-unit apartment building in North Hollywood, one of the San Fernando Valley's most active rental submarkets. The property consists of a unit mix of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, catering to strong and consistent tenant demand in the… Read More area. The property presents a compelling value-add opportunity with approximately 46% upside in rents. The asset is located close to the NoHo West development, further enhancing tenant demand and long-term rental growth prospects. Located just minutes from major employment centers, retail corridors, and transit access, 6054 Farmdale Avenue benefits from North Hollywood's continued growth and renter appeal. This is an ideal opportunity for investors seeking hands-on value creation with long-term upside. Read Less
Listing Snapshot
Days Online
70
Last Updated
Beds
10
Square Ft.
4,769
Lot Size
0.17 Acres
Year Built
1957
MLS Number
26654679
Additional Details
Building
Built in 1957, Living area: 4769.0, 1 building, Levels: Two
Income
Gross Income: $100,944, Net Operating Income: $44,543
Lot
0.1709 acres, Dimensions: 147x50
Taxes
Parcel Number: 2338001001, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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