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5618 Bakman Avenue, North Hollywood (Los Angeles), CA 91601$3,380,000

16
beds
8
baths
· 6529
ft2 lot

Listing provided courtesy of XIANGHUI ZHOU, HARVEST REALTY DEVELOPMENT
Source bridgeMLS;
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Fully Leased out Newly built 2-story fourplex made up of four spacious 4 bedroom, 4 bathroom townhome-style units located in the heart of North Hollywood! Huge Corner Lot! prime NoHo Arts District location, within walking distance to restaurants, retail and commercial plaza! Property is located in an OPPORTUNITY ZONE, NO RENT CONTROL, little to no maintenance, separate meters for gas, water & electric, balconies, and has high demand from renters. Each bedroom gets their OWN PRIVATE BATHROOM! No sharing!!! laundry inside each unit, Highly upgraded stainless steel appliances, open floor plans, and total 8 convenient OVERSIZED exterior parking spots. Actual Rent for each unit is 4350, 4200, 3999 and 4200, which is below market rental price. Market rent is 4500 per each unit. Great potential to easily increase the cap rate!

HOA

No HOA

On market

4 months

Year built

2020

Property type

Fourplex

Parking

MLS

CRWS22145789

Price / Sq.Ft.

ft2

Status

Active

Buyer’s Brokerage Commission

2.25%

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Home details for 5618 Bakman Avenue

Interior Features & Layout
Appliances
•   
Laundry Appliances: Inside Area
Rooms Info
•   
Unit 4 Beds: 4
•   
Unit 2 Baths: 4
•   
Unit 3 Beds: 4
•   
Unit 2 Beds: 4, 4
•   
Unit 1 Bathrooms: 4
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Spaces Unit 1: 2
•   
Parking Spaces Unit 2: 2
Community Info
•   
Total Units In Complex: 4
Building Info
•   
Building Type: FOURPLEX
•   
Mls Prop Type: FOURPLEX
•   
Building Age: 6838
Property Type
•   
Mls Property Type: RESIDENTIAL INCOME
Exterior Features
•   
Exterior Features: Other
Lot Info
•   
Acres: 0.15
Utilities & Other Information
Other
•   
Fips Code: 06037
Water & Sewer Info
•   
Water / Sewer: Sewer System - Public, Water - Public
Utilities
•   
Utility Meters: Electric, Gas, Water
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Income: 200988
•   
Annual Expenses: 3200000
Terms
•   
Terms: Cash, Conventional, 1031 Exchange, Other
•   
Sale Or Rent: For Sale
Lease Info
•   
Net Operating Income: 200988
•   
Monthly Rent Unit 1: 4350.00
•   
Monthly Rent Unit 2: 4200.00
•   
Monthly Rent Unit 3: 3999.00
•   
Rental Income Annual: 16749
Listing Info
•   
Status Category: Active
•   
Status: Active
Listing Contacts
•   
Listing Agent Usercode: CR359535757
•   
Listing Agent First Name: XIANGHUI
•   
Listing Agent Last Name: ZHOU
Tax/Assessment Info
•   
Apn: 2337038011
School Neighborhood & Directions
Location
•   
Address: 5618 Bakman Avenue
•   
Address Search Number: 5618
Other
Calculation
•   
List Price Per Sqft: 494
•   
Cdom Mls: 88
•   
Cdom: 88, 88

Property History for 5618 Bakman Avenue

07/04/2022
07/04/2022
EBRD/CCAR/Bay East #CRWS22145789
active
EBRD/CCAR/Bay East #CRWS22145789
$3,380,000

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