$1,750,000

Presenting a 10-unit multifamily investment opportunity in North Hollywood, near the NoHo Arts District, Burbank Media District, and Studio City. Built in 1963, the property consists of approximately 4,928 square feet of building area on an approximately 5,999-square-foot lot zoned LARD1.5. The unit mix includes seven studio/one-bath apartments, two one-bedroom/one-bath apartments, and one two-bedroom/one-bath apartment. This range of unit layouts provides a varied rental selection within an established North Hollywood neighborhood. Property features include renovated units, newer vinyl windows, CCTV cameras, five private enclosed garages providing parking for eight vehicles, and two additional surface parking spaces. Gas and electricity are individually metered and paid by tenants. In addition to residential rental income, the property generates additional income from laundry, parking, and RUBS. The location places residents near restaurants, shops, theaters, and entertainment destinations in the NoHo Arts District and NoHo West. Regional employment destinations include Warner Bros. Studios, Universal Studios, and the Burbank Media District. Transportation options include the North Hollywood Metro Station serving the B and G Lines, Hollywood Burbank Airport, and the 170, 101, and 134 freeways. The property has an established rental income base with potential for rental adjustments over time, subject to applicable regulations.