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6827 Radford Avenue
North Hollywood, CA 91605
Presenting a rare opportunity to acquire a well-maintained 7-unit, 2 story residential building in the heart of North Hollywood. This 4,081 sq. ft. property is situated on a 7,882 sq. ft. lot, with each unit featuring a 1-bedroom, 1-bathroom layout. The uniform floor plans offer operational efficiency and broad appeal to a diverse tenant base, ensuring ease of management. Zoned LARD1.5, this property provides exciting development potential, making it an ideal blend of immediate cash flow and long-term growth prospects. Units are leased with dependable tenants, providing steady cash flow and peace of mind. Plans have been submitted to add two Additional Dwelling Units (ADUs) at the rear, presenting a compelling value-add opportunity. Whether you choose to build the ADUs and sell for a profit or retain the property for long-term income, the potential is substantial. With all units occupied and a path to achieving over a 10% cap rate, this investment offers immediate returns and significant upside.
PROPERTY INFORMATION
| MLS # | SR24217608 | Lot Size | 7,941 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Commercial/Residential |
| Price | $ 1,599,000
Price Per SqFt: $ 397 |
DOM | 193 Days |
| Address | 6827 Radford Avenue | Type | Residential Income |
| City | North Hollywood | Sq.Ft. | 4,031 Sq. Ft. |
| Postal Code | 91605 | Garage | 4 |
| County | Los Angeles | Year Built | 1951 |
| Bed / Bath | 6 / 0 | Parking | 7 |
| Built In | 1951 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Washer Included |
| EntryLocation | 1 |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,706
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/20/2024 | Listed | $1,599,000 |
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Listing provided courtesy of Shira Dunn, Keller Williams Coastal Properties. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
