$3,500,000
12635 Vanowen Street
North Hollywood, CA 91605
—
Beds
—
Baths
13,782
Square feet
1958
Built
Listing narrative
Description
A 15-unit Multifamily Located in Noho West With over 60% Upside on rent and currently operating at a 5% CAP Rate. the Property Boasts an Appealing Blend of Units (7 2bedrooms & 8 1bedrooms), All Surrounding a Stunning Courtyard. Each Unit Offers Spacious Living Areas and Private Balconies. The property currently collects $270K in rent with proforma rents reaching $427K, resulting in a Proforma GRM of 8.19 and Proforma CAP rate of 9.65%. Recent Capital Improvements include EQ Retrofitting, Main Panel Upgrades, new asphalt and Three Units with Complete Interior Renovations
Property Details
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Price
$3,500,000
Beds
Beds n/a
Type
Condo
Home Size
13,782 sqft
Baths
Baths n/a
Lot Size
0.32 acres
Year
1958
Status
New
Days on Market
5
$ / Sqft
$254
Courtesy of LA Premier Realty
