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, &' 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 property specifics and to schedule a site visit.
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, &' 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 property specifics and to schedule a site visit.
Property Details
Price:
$1,685,000
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
See this Listing
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Schools
Interior
Accessibility Features
None
Appliances
Gas Oven, Gas Range, Range Hood
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Laminate, Tile, Vinyl
Heating
Wall Furnace
Interior Features
Copper Plumbing Full, Quartz Counters
Window Features
Double Pane Windows
Exterior
Community Features
Urban, Valley
Electric
Electricity – On Property
Fencing
Block, Chain Link
Foundation Details
Raised
Garage Spaces
0.00
Lot Features
6-10 Units/ Acre
Parking Features
Carport
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address7107 Coldwater Canyon Avenue North Hollywood CA
- AreaNHO – North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91605
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7107 Coldwater Canyon Avenue
North Hollywood, CA
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