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6828 Morella Avenue

North Hollywood, CA 91605
  • $949,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: SR24026743
$949,000
  • 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 adds opportunity in a redeveloping area of North Hollywood. This (5) Five Unit Apartment Building is comprised of a (1) Two Bedroom and (1) One Bath Single Family House and (4) Four (1) One Bedroom and (1) One Bath Units. The property has a tremendous rental upside. Additionally, the property is individually metered for gas and electricity. This central North Hollywood location is adjacent to Studio City, Burbank, and Toluca Lake and in close proximity to the Metro B Line (Red) North Hollywood station.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. 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/147339334
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6828 Morella Avenue North Hollywood, CA 91605

  • Price: $949,000
  • Status: Active
  • On Site: 23 Days
  • ID#: SR24026743
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 adds opportunity in a redeveloping area of North Hollywood. This (5) Five Unit Apartment Building is comprised of a (1) Two Bedroom and (1) One Bath Single Family House and (4) Four (1) One Bedroom and (1) One Bath Units. The property has a tremendous rental upside. Additionally, the property is individually metered for gas and electricity. This central North Hollywood location is adjacent to Studio City, Burbank, and Toluca Lake and in close proximity to the Metro B Line (Red) North Hollywood station.
Exterior Features

Entry Level 2 Entry Location 2 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 6 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.85 Common Interest Community Apartment Community Features Urban Electric Expense 777 Fuel Expense 777 Garage YN Yes Gross Income 63636 Gross Scheduled Income 63636 Insurance Expense 2331 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 Maintenance Expense 11875 Net Operating Income 36603 New Construction YN No Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Operating Expense 25124 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 0 Vacancy Allowance 1909 Vacancy Allowance Rate 3 Water Sewer Expense 777 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. 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)