$6,600,000
SOLD APR 20, 2021
6 Beds
7 Baths
15,314 Sq Ft
0.31 Acres

Recently Sold

$431 Per Sq Ft

6% Below List Price

109 Days on Market

Highlights

  • 0.31 Acre Lot
  • Laundry Room
  • Landscaped
  • Cul-De-Sac

About This Home

As of April 2021

We are proud to represent this 17-unit apartment building in NoHo.

The building was constructed in 1989. Its unit mix consists of (3) one-bedroom units, (10) two-bedroom, two-bathroom units, (3) three-bedroom, two-bathroom units, and (1) single. Tenants enjoy covered garage parking. The building features a courtyard with a BBQ area, and the units have central HVAC units, stainless steel appliances, and high ceilings in the second story units.

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. 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.

The property is separately metered for gas and electricity. Each unit has its own gas meter which reduces expenses.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 11/05/2020

Equity Union

Last Buyer's Agent

Jenny Lin

Berkshire Hathaway HomeServices California Properties License #01383084

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 0.31 Acre Lot
  • 1 Common Wall
  • Cul-De-Sac
  • Landscaped

Parking

  • 17 Car Garage

Home Design

  • 15,314 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 61
  • Tax Tract Number 1253
  • Assessor Parcel Number 2416023025

Community Details

Overview

  • 17 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 17 Separate Electric Meters
  • 17 Separate Gas Meters
  • 17 Separate Water Meters
  • Electric Expense $3,507
  • Fuel Expense $651
  • Insurance Expense $4,009
  • Professional Management Expense $13,560
  • Trash Expense $5,325
  • Water Sewer Expense $13,356
  • New Taxes Expense $81,609
  • Operating Expense $149,943
  • Gross Income $441,928
  • Net Operating Income $291,985

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Parking

17

Listing Details

  • Professional Management Expense: 13560.00
  • Property Attached: Yes
  • Water Sewer Expenses: 13356.00
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 2416023025
  • Year Built: 1989
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Price Per Square Foot: 430.98

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 17.00
  • Total Parking Spaces: 17.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 5325.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac, Landscaped
  • Lot Size Sq Ft: 13500.00
  • Lot Size Acres: 0.3099

Multi Family

  • Electric Expense: 3507.00
  • Fuel Expense: 651.00
  • Gross Income: 441928.00
  • Gross Scheduled Income: 441928.00
  • Insurance Expense: 4009.00
  • Lot Size Area: 13500.0000 Square Feet
  • Net Operating Income: 291985.00
  • Number Of Separate Electric Meters: 17
  • Number Of Separate Gas Meters: 17
  • Number Of Separate Water Meters: 17
  • Number Of Units Total: 17
  • Operating Expense: 149943.00
  • Rent Control: No
  • Total Expenses: 149943.00

Tax Info

  • New Taxes Expense: 81609.00
  • Tax Census Tract: 1253.20
  • Tax Lot: 61
  • Tax Tract Number: 1253.2

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Range of Values:

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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 For Sale $8,288,000 +25.6% $541 / Sq Ft
04/20/2021 04/20/21 Sold $6,600,000 -2.9% $431 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/02/2021 02/02/21 Price Changed $6,800,000 -2.8% $444 / Sq Ft
11/05/2020 11/05/20 For Sale $6,995,000 -- $457 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR20233946

California Regional Multiple Listing Service (CRMLS)