This well-located five-unit residential income property presents a compelling value-add opportunity in a highly sought-after North Hollywood neighborhood, south of Magnolia Boulevard. The property benefits from close proximity to major film and television studios, popular dining and entertainment venues, and excellent access to freeways and public transportation—driving consistently strong and durable rental demand.
The asset is efficiently configured with separate gas and electric meters, private storage garages, and units that support operational efficiency and long-term ownership. The property currently delivers a stable 5-cap return, while long-term tenants enjoy below-market rents, providing a clear and achievable pathway to materially increase income through rent optimization and strategic repositioning.
With its attractive in-place cash flow, irreplaceable location, and meaningful upside potential, this offering represents an excellent opportunity for investors seeking both near-term stability and long-term growth.
Offered at an accessible $899,950 price point, this property represents an excellent entry-level investment for both beginning investors and seasoned operators alike, combining immediate cash flow with meaningful upside potential.
Photos are from last vacancy, all units will be delivered with tenants in place.