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6828 Morella Avenue

North Hollywood, CA 91605
  • $1,125,000
  • STATUS: Active
  • ON SITE: 38 Days
  • ID#: SR22076011
Price Reduced
UPDATED: 20 min ago
$1,125,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1938
County:

School Ratings & Info

Listing Agent(s): James Antonucci of Keller Williams Realty-Studio City (818-432-1500) and Michael Pesci of Keller Williams Studio City(818-432-1500)


Description

6828 Morella Ave in North Hollywood is Located just north of Vanowen Street between Lankershim and Laurel Canyon Blvd in North Hollywood. This great value add opportunity is situated in a redeveloping area of North Hollywood. This (5) Five Unit Apartment Building is comprised of a (2) Two Bedroom and (1) One Bath Single Family House and (4) Four (1) One Bedroom and (1) One Bath Units. The property has tremendous rental upside. Additionally, the property is individually metered for gas and electricity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127725234
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6828 Morella Avenue North Hollywood, CA 91605

  • Price: $1,125,000
  • Status: Active
  • On Site: 38 Days
  • Updated: 20 min ago
  • ID#: SR22076011
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1938
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
6828 Morella Ave in North Hollywood is Located just north of Vanowen Street between Lankershim and Laurel Canyon Blvd in North Hollywood. This great value add opportunity is situated in a redeveloping area of North Hollywood. This (5) Five Unit Apartment Building is comprised of a (2) Two Bedroom and (1) One Bath Single Family House and (4) Four (1) One Bedroom and (1) One Bath Units. The property has tremendous rental upside. Additionally, the property is individually metered for gas and electricity.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 6 Parking Features Assigned Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 3.16 Common Interest None Community Features Urban Electric Expense 1880 Fuel Expense 1880 Garage YN No Gross Income 63636 Gross Scheduled Income 63636 Insurance Expense 1243 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 35504 New Construction YN No New Taxes Expense 14063 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 26223 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1800 Vacancy Allowance 1909 Vacancy Allowance Rate 3 Water Sewer Expense 1800 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): James Antonucci of Keller Williams Realty-Studio City (818-432-1500) and Michael Pesci of Keller Williams Studio City(818-432-1500)