*Financial Metrics* - 5.00% in-place Cap Rate with potential to reach 6.54% post-ADU conversion and 17% average annual return. *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and there is potential to add a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot.
For sale
Price increase: $405K (7/17)
$2,500,000
13226 Vanowen St, North Hollywood, CA 91605
10beds
9baths
4,794sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$2,447,400 Zestimate®
$521/sqft
$-- HOA
What's special
- 81 days |
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