$2,795,000
UNDER CONTRACT $155K PRICE DROP

Estimated payment $17,482/month

Total Views 2,740
20 Beds
10 Baths
8,476 Sq Ft
$330 Price per Sq Ft

Highlights

  • 0.35 Acre Lot
  • Laundry Room
  • Rectangular Lot
  • North Hollywood Senior High School Rated A

About This Home

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.

Listing Agent

Mike Harutunyan

Pinnacle Estate Properties Brokerage Phone: 818-400-8589 License #01353419 Listed on: 07/11/2025

Pinnacle Estate Properties

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1972

Lot Details

  • 0.35 Acre Lot
  • No Common Walls
  • Rectangular Lot

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 8,476 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Tax Lot 22
  • Tax Tract Number 6516
  • Assessor Parcel Number 2334014056
  • $1,644 per year additional tax assessments

Community Details

Overview

  • 10 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • 9 Leased Units
  • Rent Control
  • 10 Separate Electric Meters
  • Gardener Expense $900
  • Insurance Expense $617
  • Trash Expense $7,514
  • Water Sewer Expense $22,607
  • Operating Expense $33,148
  • Gross Income $197,616
  • Net Operating Income $164,467

Property Details

Home Type

Apartment

Year Built

Built in 1972

Lot Details

0

Listing Details

  • CapRate: 4.30
  • Property Attached: No
  • Water Sewer Expenses: 22607.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 900.00
  • Parcel Number: 2334014056
  • Year Built: 1972
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 329.75

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 7514.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 15452.00
  • Lot Size Acres: 0.3547

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • Gross Income: 197616.00
  • Gross Multiplier: 14.93
  • Gross Operating Income: 197616.00
  • Gross Scheduled Income: 197616.00
  • Insurance Expense: 617.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 780.00
  • Lot Size Area: 15452.0000 Square Feet
  • Net Operating Income: 164467.00
  • Number Of Separate Electric Meters: 10
  • Number Of Units Leased: 9
  • Number Of Units Total: 10
  • Operating Expense: 33148.00
  • Rent Control: Yes
  • Total Actual Rent: 14468.00
  • Total Expenses: 33148.00

Tax Info

  • Tax Census Tract: 1241.05
  • Tax Lot: 22
  • Tax Tract Number: 6516
  • TaxOtherAnnualAssessmentAmount: 1644.00

Map

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 List to Sale Price per Sq Ft
10/26/2025 10/26/25 Price Changed $2,795,000 -5.3% $330 / Sq Ft
07/11/2025 07/11/25 For Sale $2,950,000 -- $348 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25153138

California Regional Multiple Listing Service (CRMLS)