NOT LISTED FOR SALE
3 Beds
2 Baths
3,108 Sq Ft
7,904 Sq Ft Lot

Last Sold April 26, 2024

Last sale price $875,000 $282 Per Sq Ft

70 Days on Market

Highlights

  • No HOA
  • North Hollywood Senior High School Rated A
  • Laundry Room

About This Home

As of April 2024

6828 Morella Ave in North Hollywood is Located just north of Vanowen Street between Lankershim and Laurel Canyon Blvd in North Hollywood. This great value adds opportunity in a redeveloping area of North Hollywood. This (5) Five Unit Apartment Building is comprised of a (1) Two Bedroom and (1) One Bath Single Family House and (4) Four (1) One Bedroom and (1) One Bath Units. The property has a tremendous rental upside. Additionally, the property is individually metered for gas and electricity. This central North Hollywood location is adjacent to Studio City, Burbank, and Toluca Lake and in close proximity to the Metro B Line (Red) North Hollywood station.

Last Agent to Sell the Property

James Antonucci

Keller Williams Realty-Studio City Brokerage Phone: 818-381-6601 License #01822661 Listed on: 02/06/2024

Keller Williams Realty-Studio City

Co-Listed By

Mike Pesci

Keller Williams Studio City Brokerage Phone: 818-381-6601 License #01274379

Last Buyer's Agent

Vincent Durso

Realty One Group Success License #02007989

Realty One Group Success

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 7,904 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 7 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 3,108 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 108
  • Tax Tract Number 6024
  • Assessor Parcel Number 2321019016
  • $929 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $777
  • Fuel Expense $777
  • Gardener Expense $1,500
  • Insurance Expense $2,331
  • Maintenance Expense $11,875
  • Water Sewer Expense $777
  • Operating Expense $25,124
  • Gross Income $63,636
  • Net Operating Income $37,291

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Parking

7

Listing Details

  • CapRate: 4.17
  • Price Per Unit: 179000
  • Property Attached: Yes
  • Water Sewer Expenses: 777.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1500.00
  • Parcel Number: 2321019016
  • Year Built: 1938
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 2
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 281.53

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 7.00
  • Total Parking Spaces: 7.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7904.00
  • Lot Size Acres: 0.1815

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 777.00
  • Fuel Expense: 777.00
  • Gross Income: 63636.00
  • Gross Multiplier: 14.06
  • Gross Operating Income: 61727.00
  • Gross Scheduled Income: 63636.00
  • Insurance Expense: 2331.00
  • Laundry Income: 1200.00
  • Lot Size Area: 7904.0000 Square Feet
  • Maintenance Expense: 11875.00
  • Maintenance Percent: 1.25
  • Net Operating Income: 37291.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Number With Range: 5
  • Operating Expense: 24436.00
  • Operating Expense Percent: 38.40
  • Rent Control: Yes
  • Total Expenses: 25124.00
  • Vacancy Allowance: 1909
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 1232.03
  • Tax Lot: 108
  • Tax Tract Number: 6024
  • TaxOtherAnnualAssessmentAmount: 929.00

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
04/26/2024 04/26/24 Sold $875,000 -2.2% $282 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
03/08/2024 03/08/24 Price Changed $895,000 -5.7% $288 / Sq Ft
02/06/2024 02/06/24 For Sale $949,000 -- $305 / 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: SR24026743

California Regional Multiple Listing Service (CRMLS)