$1,620,000
SOLD APR 16, 2024
11 Beds
10 Baths
6,266 Sq Ft
7,376 Sq Ft Lot

Recently Sold

$259 Per Sq Ft

8% Above List Price

17 Days on Market

About This Home

As of April 2024

7 units North Hollywood. Great unit mix. The property consists of 3 - 1 bedroom + 1 bath, 1 - 2 bedroom + 1 bath and 3 - 2bedroom + 2 bath units. Large units. 4 of the units are Section 8 tenants. There is 6,266 square feet of building and it sits on a 7,374 square foot lot. The property was built in 1963. Long term owner. The rents are below market with over 50% upside. This is an excellent value add opportunity. Close to shops, restaurants, NoHo Arts District, Warner Brothers Studios, Universal Studios, Burbank Airport and easy freeway access.

Last Agent to Sell the Property

Michael Salerno

Michael Anthony Salerno License #01212427 Listed on: 03/11/2024

Michael Anthony Salerno

Last Buyer's Agent

Carolin Alaverdian

Balboa Real Estate, Inc. License #01929505

Balboa Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 7,376 Sq Ft Lot

Parking

  • 7 Parking Spaces

Interior Spaces

  • 6,266 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 2322-007-040

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 6266
  • Lot Acreage: 0.1693
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 238.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 7

Lot Info

  • Assessed Improvement Percent: 79.80
  • Assessed Improvement Value: 532089
  • Assessed Land Percent: 20.2
  • Assessed Land Value: 134720
  • Total Assessed Value: 666809
  • Assessor Parcel Number: 2322-007-040
  • Lot Size Area: 7376

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.37
  • Number Of Units: 7
  • Total Annual Expense: 44558
  • Type Of Units: apartment
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $1,950,000 -6.7% $311 / Sq Ft
04/28/2025 04/28/25 For Sale $2,090,000 +29.0% $334 / Sq Ft
04/16/2024 04/16/24 Sold $1,620,000 +8.4% $259 / Sq Ft
03/28/2024 03/28/24 Pending -- -- --
03/11/2024 03/11/24 For Sale $1,495,000 -- $239 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-367059

The MLS