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Listed by Edgar Koenig • Ed Koenig IRE
$ 5,400,000
Est. payment /mo
New
6242 Vineland AVE North Hollywood, CA 91606
0.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25185222
Year Built 1989
Lot Size 0.304 Acres
Source California Regional MLS
Property Description
VINELAND 19: This investment property, constructed in 1989 and exempt from LA City rent control, is presented at a 5.5 CAP rate and a 12.10 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, it offers convenient access to NoHo, Burbank, and Studio City, as well as nearby shopping, dining, and entertainment venues. The Transit Oriented Community (TOC) Tier 3 designation provides tenants with easy access to public transportation. This well-maintained asset represents a valuable addition to any portfolio, with recent upgrades including a new roof installed in 2022. PLEASE NOTE: All one-bedroom units are spacious singles with a partition wall converting them into a traditional spacious one-bedroom layouts. Unit Mix 2 bachelor units (affordable), 14 Singles, 3 two bedroom and two baths. Other Highlights: Secure parking, central heat, room refrigerated air, In-house laundry (landlord owned).
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Heating Central Forced Air
Cooling Window / Wall Unit
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Parking Features Assigned Spaces, Carport , Common Parking Area, Uncovered Parking
Pool 31, None
View Other
Building
Story Three or More Stories
Water District - Public
Others
Tax ID 2414001036
Special Listing Condition Not Applicable
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