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$1,450,000

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6,912 Sqft Lot

Price Dropped by $49K

7107 Coldwater Canyon AVE North Hollywood, CA 91605

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25115726

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1958

Lot Size 6,912 Sqft

Property Sub-Type Apartment

Property Description

For the Price of a SFR in the Valley but with Income! 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 Offering Memorandum, also attached.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Interior Features Quartz Counters

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile, Vinyl

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range, Range Hood

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 6

Fence Block, Chain Link

Pool None

Community Features Urban, Valley

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Shingle

Accessibility None

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Faces East

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2327018066

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Listed by Jose Pascual III Escala Realty Group 805-587-1983

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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7107 Coldwater Canyon AVE North Hollywood, CA 91605

Jerry And Rachel Team Hsieh

Key Details

Location

Interior

Exterior

Building

Others

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7107 Coldwater Canyon AVE