6502 Vineland - SALE PENDING

 

6502 Vineland Ave. | North Hollywood, California | 91606

$3,500,000

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ABOUT

  • Property Type: Multifamily Apartments
  • Units: 16
  • Unit Mix: (12) 1+1’s, (4) 2+1’s
  • Rentable Area: 11,410 Sq Ft
  • Land Area: 14,930 Sq Ft
  • Parking: 27 Spaces
  • Parcel Info: 2414-028-026 | Zoning: LARD2
  • Built: 1978

AGENT

 

ADDITIONAL INFORMATION

Immediate Value-Add Potential - Rare opportunity to acquire a non-rent control asset in North Hollywood

Strong Unit Mix - Most of the building is composed of 1 bedroom + 1 bathroom units. Four of the 16 units are two bedroom + 1 bathroom

Centralized Valley Location - Conveniently located across the street from a Target (the most popular shopping center in the area)

Dual Structures with Ample Parking - Well-maintained mirroring structures with plenty of parking for the units (1-2 spaces per unit)

Strong Rental Market - The North Hollywood area has a growing rental market. Over 60% of residents rent as opposed to owning a single family home in the North Hollywood area, creating a high demand for units