14 units in North Hollywood. The property consists of 9 Singles and 5 - 1 bedroom + 1 bath units. There is 7,392 square feet of building and it sits on an 8,643 square foot lot. The property was built in 1956. Long term owner. The rents are below market with over 60% upside. This is an excellent value add opportunity. Close to shops, restaurants, NoHo Arts District, Warner Brothers Studios, Universal Studios, Burbank Airport and easy freeway access. There is an assumable loan with an approximate balance of $735,000, 4.55% fixed until 8/1/27, due in 2047. PLEASE DO NOT DISTURB THE TENANTS.
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