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Listed by Jose Pascual III • Escala Realty Group
$ 1,685,000
Est. payment /mo
Active
7107 Coldwater Canyon Avenue North Hollywood (los Angeles), CA 91605
4,504 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,504 sqft
Price per Sqft $374
MLS Listing ID CRSR25115726
HOA Y/N No
Year Built 1958
Lot Size 6,912 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Rare Investment Opportunity On Coldwater Canyon Avenue—Strong Income with Expansion Upside. Unlock the full potential of this 6-unit multi-family property. With four renovated units already commanding top market rents, this income-generating gem is an ideal acquisition for both seasoned investors and first-time multifamily buyers who are looking to transition from SFR rentals. The unit mix of four 2 bed/1 bath and two 1 bed/1bath is ideal with each unit having 1 covered parking space. All units have separate gas and electricity meters. Strategically positioned just west of the CA 170 freeway, this property benefits from exceptional connectivity to major employment hubs, high visibility, and as a result consistently enjoys strong tenant demand. Most importantly, there is value-add potential with the possibility of adding 1-2 new units as the adjacent owner is already doing (confirm with the city), bringing 2 two bedrooms units to market rent after tenant turnover, plus the opportunity to double the parking, and thereby maximize cash flow by leasing extra parking spaces, & renting out storage closets. Whether you’re scaling a growing portfolio or stepping for the first time into multi-family ownership , this well-maintained, high-demand asset is an opportunity that shouldn’t
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Vinyl
Fireplace No
Laundry Community Facility
Exterior
View None
Building
Water Public
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