7107 Coldwater Canyon Avenue
North Hollywood, CA, 91605
$1,585,000
Beds
0 Baths
SqFt
0.16 Acres
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PRICE IMPROVEMENT! Rare Investment Opportunity On Coldwater Canyon Avenue—Strong Income with Expansion Upside.
Unlock the full potential of this 6-unit multi-family property. With four renovated units already commanding top market rents, this income-generating gem is an ideal acquisition for both seasoned investors and first-time multifamily buyers who are looking to transition from SFR rentals. The unit mix of four 2 bed/1 bath and two 1 bed/1bath is ideal with each unit having 1 covered parking space. All units have separate gas and electricity meters. Strategically positioned just west of the CA 170 freeway, this property benefits from exceptional connectivity to major employment hubs, high visibility, and as a result consistently enjoys strong tenant demand. Most importantly, there is value-add potential with the possibility of adding 1-2 new units as the adjacent owner is already doing (confirm with the city), bringing 2 two bedrooms units to market rent after tenant turnover, plus the opportunity to double the parking, and thereby maximize cash flow by leasing extra parking spaces, &#38' renting out storage closets. Whether you’re scaling a growing portfolio or stepping for the first time into multi-family ownership , this well-maintained, high-demand asset is an opportunity that shouldn’t be missed. Property sales along the Coldwater Canyon corridor are few and far between. Contact the listing agent for Offering Memorandum, also attached.

Property Details

Price:
$1,585,000
MLS #:
SR25115726
Status:
Active
Baths:
0
Address:
7107 Coldwater Canyon Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
May 23, 2025
State:
CA
ZIP:
91605
Lot Size:
6,912 sqft / 0.16 acres (approx)
Year Built:
1958
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Interior

Appliances
Gas Oven, Gas Range, Range Hood
Cooling
Wall/ Window Unit(s)
Flooring
Laminate, Tile, Vinyl
Heating
Wall Furnace
Laundry Features
Community

Exterior

Architectural Style
Contemporary
Community Features
Urban, Valley
Construction Materials
Unknown
Parking Features
Carport
Parking Spots
6.00
Roof
Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)

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7107 Coldwater Canyon Avenue
North Hollywood, CA