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 11.82 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, it offers convenient access to NoHo, NoHo West, Burbank, Studio City, Hollywood, DTLA, 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: Gated & access controlled property, combination of open & covered parking, central heat, room refrigerated air, In-house laundry (landlord owned and generating income).
For sale
Listing Provided by:
Edgar Koenig DRE #00831815 818-755-8088,
Ed Koenig IRE,
Verzhine "Gina" Uzunyan DRE #00984953 818-521-8088,
Koenig Properties
Price cut: $205K (9/30)
$5,195,000
6242 Vineland Ave, North Hollywood, CA 91606
20beds
22baths
14,352sqft
Est.:
Multi Family
Built in 1989
-- sqft lot
$4,953,000 Zestimate®
$362/sqft
$-- HOA
What's special
Partition wallCentral heatIn-house laundryRoom refrigerated airSpacious singles
- 76 days |
- 63 |
- 2 |
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