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Listed by Jose Pascual III • Escala Realty Group
$1,685,000
Est. payment /mo
6,912 Sqft Lot
New
7107 Coldwater Canyon AVE North Hollywood, CA 91605
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25115726
Style Contemporary
Year Built 1958
Lot Size 6,912 Sqft
Source California Regional MLS
Property Description
Rare Investment Opportunity On Coldwater Canyon Avenue-Strong Income with Expansion Upside. Unlock the full potential of this 6-unit multi-family property. With four renovated units already commanding top market rents, this income-generating gem is an ideal acquisition for both seasoned investors and first-time multifamily buyers who are looking to transition from SFR rentals. The unit mix of four 2 bed/1 bath and two 1 bed/1bath is ideal with each unit having 1 covered parking space. All units have separate gas and electricity meters. Strategically positioned just west of the CA 170 freeway, this property benefits from exceptional connectivity to major employment hubs, high visibility, and as a result consistently enjoys strong tenant demand. Most importantly, there is value-add potential with the possibility of adding 1-2 new units as the adjacent owner is already doing (confirm with the city), bringing 2 two bedrooms units to market rent after tenant turnover, plus the opportunity to double the parking, and thereby maximize cash flow by leasing extra parking spaces, & renting out storage closets. Whether you're scaling a growing portfolio or stepping for the first time into multi-family ownership , this well-maintained, high-demand asset is an opportunity that sh
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Kitchen Hood Over Range, Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Carport
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Foundation Raised
Water District - Public
Architectural Style Contemporary
Others
Tax ID 2327018066
Special Listing Condition Not Applicable
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