Just Listed | 6 Units (5 + 1 Efficiency) | 5.07% CAP | North Hollywood

Listing Details: $4,995,000

CAP Rate: 5.07%

GRM: 14.06

Year Built: 2024

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Investment Highlights:

6 Units (5 + 1 Efficiency): This property features four well-designed units plus an Additional Dwelling Unit (ADU) and an efficiency unit. This layout maximizes rental potential and provides various living arrangements, appealing to a broad range of tenants.

Brand New Construction: Enjoy the benefits of modern design and energy efficiency with brand new construction. This means minimal maintenance and repair costs, contemporary finishes, and the appeal of a fresh, pristine property for potential tenants.

Excellent Location: Situated in the highly sought-after North Hollywood area, known for its vibrant community, convenient access to entertainment, dining, and cultural attractions. This prime location enhances the property's rental appeal and potential for long-term appreciation.

Desirable Amenities: The property boasts enhanced tenant convenience with in-unit washers and dryers, plus private patios/decks and private garages. These amenities add value and comfort, making the units more attractive to potential renters and contributing to higher occupancy rates.

Spacious Floor Plans: Generously sized floor plans offer comfortable and functional living spaces, providing tenants with ample room to live and entertain. Spacious layouts are a significant draw for renters looking for quality and comfort.

Townhouse Style Units: Townhouse-style units provide a sense of individuality and privacy, mimicking single-family home living within a multi-unit property. This style often appeals to tenants seeking more autonomy and space, enhancing rental demand.