6045 Hazelhurst Pl 10 Unit Apartment Building $3,901,597 CAD ($390,160 CAD/Unit) 5.91% Cap Rate North Hollywood, CA 91606

We are thrilled to present a truly exceptional opportunity to acquire 6045 Hazelhurst Place, a meticulously maintained 10-unit apartment building hitting the market for the first time in 40 years! Nestled in the highly sought-after North Hollywood rental market, this property boasts an unbeatable location directly adjacent to the vibrant NoHo Arts District. This prime positioning ensures strong demand, consistently attracting residents eager to experience the area's dynamic lifestyle. The building's strategic location also provides convenient access to the 101, 170, and 405 freeways, making commutes a breeze for tenants. This well-maintained building features 10 spacious 2-bedrooms, 1-bathroom units, each thoughtfully designed and offering comfortable living spaces. A significant advantage for both tenants and owners, each unit comes with two dedicated parking spaces, a highly desirable amenity in this bustling area. The property also includes a small community laundry facility, adding to tenant convenience. Situated on an expansive 15,452 sq ft lot with a gross building area of 8,476 sq ft, this property offers exciting potential. The generous lot size may even allow for the development of additional units, presenting a significant upside for savvy investors. Recent capital improvements include a newly replaced roof, water heater, and water heater pump, ensuring peace of mind for the new owner. Don't miss your chance to own a piece of North Hollywood's thriving real estate market. This is an incredible opportunity to acquire a stable, income-generating asset with significant future potential of building additional 6 unit/adu's.