11249 Emelita St 6 Unit Apartment Building $1,682,040 CAD ($280,340 CAD/Unit) 5.38% Cap Rate North Hollywood, CA 91601

Equity Union Commercial is proud to represent this 6 unit property in North Hollywood.
The property was constructed in 1978. Its unit mix consists of (2) 2+2 units and (4) 1+1 units. With a lot size of 6,747 square feet, the property has a total of 4,110 rentable square feet.
North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.