Description

Incredible new 4-Unit premium income property in the high-demand North Hollywood rental market just minutes away from NoHo Arts District, shops, parks and transit. Unit mix consists of a duplex with (1) 3-bed/2-bath and (1) 1-bed/1-bath, and (2) 2-bed/1-bath ADUs in the building behind it. All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. All new electrical, plumbing, HVAC and appliances minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured for more communal living or more separation and privacy. Owner occupants and house hackers will love the spacious 3-bed/2-bath unit with vaulted ceilings and primary ensuite. With proforma rents nearing $12k monthly/$143k annually, this 6% CAP property is turnkey ready to be an excellent addition to any investment portfolio.