Bought with Carlos Estrada
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7217 Lemp AVE North Hollywood, CA 91605
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Key Details
Sold Price $1,310,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CNSR21181805
Sold Date 11/30/21
Style Traditional
Year Built 1958
Lot Size 6,632 Sqft
Source CRISNet
Property Description
BACK ON MARKET! MUST SEE! Great investment property in North Hollywood! This 4,348 SqFt building is comprised of six (6) units with a total of 11 bedrooms - FIVE (2) bed / (1) bath units, and ONE (1) bed / (1) bath unit! Presently, five of the units have current long-term tenants on month-to-month leases and one unit is vacant and has been completely remodeled, perfect for the next owner/user or for the new owner to pick a tenant of their choice at market rent! New owner may increase rents as desired, in line with LA Rent Control. Included on the property is a 6-car carport in the rear of the building for tenants' use, as well as a community laundry room. Owner covers the cost of water and maintenance of the grounds. Tenants cover their own utility and cable bills. Poised in the heart of North Hollywood, this property is a desirable asset to add to one's portfolio! Located nearby local restaurants, markets, establishments, public transportation and so much more! This building has a LOT of potential! The perfect opportunity for an investment in a high-demand area! PLEASE DO NOT DISTURB TENANTS!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Community Facility, Dryer, In Laundry Room, Washer
Exterior
Parking Features Detached Garage, Covered Parking
Garage Spaces 6.0
Pool None, 31
View Local/Neighborhood
Roof Type Composition,Shingle
Building
Story One Story
Water District - Public
Architectural Style Traditional
Others
Tax ID 2316030028
Special Listing Condition Not Applicable
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