5709 Auckland Ave! Presenting an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.66% pro-forma cap rate, offering investors solid returns in a sought-after location. Offering 5 generously sized units for a total of 18 bedrooms and 17 bathrooms throughout. All 5 units feature large bedrooms and living spaces, open floor plans, and massive windows that flood the space with natural light. Every unit is equipped with custom-designed kitchens, offering a luxurious and modern living experience. The photos speak for themselves! The property includes 8 dedicated parking spaces, all carports, ensuring convenient parking for tenants, an essential feature in the bustling North Hollywood area. Location is a major highlight: just minutes away from the NoHo Arts District, offering tenants easy access to a vibrant neighborhood full of theaters, art galleries, trendy restaurants, and cafes. The property is adjacent to the City of Burbank, giving close access to all Burbank as to offer. It’s also near major studios like Universal and Warner Bros., making it attractive to entertainment industry professionals. Additionally, the property is conveniently located close to the Metro Red Line, providing easy access to Downtown LA and surrounding areas. With its spacious units, modern amenities, and prime location, this property is positioned for long-term growth and steady rental demand in one of LA’s hottest markets. Don’t miss out on this rare opportunity to invest in a high-performing asset in the heart of North Hollywood!
Property Details
Price:
$3,295,000
MLS #:
24463773
Status:
Active
Baths:
0
Address:
5709 Auckland Avenue
Type:
Residential Income
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
Nov 20, 2024
State:
CA
ZIP:
91601
Lot Size:
6,216 sqft / 0.14 acres (approx)
Year Built:
2024
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator
Cooling
Central Air
Fireplace Features
None
Flooring
Laminate
Heating
Central
Exterior
Parking Features
Carport, Attached Carport
Parking Spots
8.00
Stories Total
3
Financial
Map
Community
- Address5709 Auckland Avenue North Hollywood CA
- AreaNHO – North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91601
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Courtesy of Power Brokers. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5709 Auckland Avenue
North Hollywood, CA
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