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6242-6248 Vineland Ave
North Hollywood, CA 91606
19 Units - North Hollywood - 5.4 CAP · Multifamily Property For Sale
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19 Units
Investment Highlights
- Built in 1989 (exempt from LA City rent control)
- Gated and Access Controlled Building
- Newer Roof (2022)
- Close to all Public Transportation and Major Shopping
Executive Summary
IMPROVED PRICING 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, this gated and access controlled building 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 in-stalled in 2022. PLEASE NOTE: all one-bedroom units are spacious singles featuring a partition wall, giving the appearance of traditional one-bedroom layouts.
Property Facts
Amenities
Unit Amenities
- Storage Space
- Heating
- Sprinkler System
Site Amenities
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $3,757 CAD | 500 |
| 1+1 | 14 | $36,750 CAD | 700 |
| 2+2 | 3 | $10,489 CAD | 950 |
Property Taxes
| Parcel Number | 2414-001-036 | Improvements Assessment | $2,136,169 CAD |
| Land Assessment | $1,697,977 CAD | Total Assessment | $3,834,145 CAD |
Property Taxes
Parcel Number
2414-001-036
Land Assessment
$1,697,977 CAD
Improvements Assessment
$2,136,169 CAD
Total Assessment
$3,834,145 CAD
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