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5618 Bakman Avenue $3,380,000

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    5618 Bakman Avenue North Hollywood, CA 91601

    • 0 Beds
    • 0 Baths
    • 6,838 sq. ft.
    • Multi-Family
    • MLS# WS22145789
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    Views: 19 Days On Market: 149

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    Property Details

    Fully Leased out Newly built 2-story fourplex made up of four spacious 4 bedroom, 4 bathroom townhome-style units located in the heart of North Hollywood! Huge Corner Lot! prime NoHo Arts District location, within walking distance to restaurants, retail and commercial plaza! Property is located in an OPPORTUNITY ZONE, NO RENT CONTROL, little to no maintenance, separate meters for gas, water & electric, balconies, and has high demand from renters. Each bedroom gets their OWN PRIVATE BATHROOM! No sharing!!! laundry inside each unit, Highly upgraded stainless steel appliances, open floor plans, and total 8 convenient OVERSIZED exterior parking spots. Actual Rent for each unit is 4350, 4200, 3999 and 4200, which is below market rental price. Market rent is 4500 per each unit. Great potential to easily increase the cap rate!

    • General Features
      • Association Fee 0.00
      • Buyer Compensation 2.250 %
      • Community Features Curbs
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 4
      • Number Of Separate Gas Meters 4
      • Number Of Separate Water Meters 4
      • Number Of Units Leased 4
      • Number Of Units Total 4
      • YearBuilt 2020
    • Building Features
      • Laundry Features Inside
      • Levels Two
    • Property Features
      • Lot Size Acres 0.14
      • Lot Features 0-1 Unit/Acre
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 8.00

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    Neighborhood

    91601 (North Hollywood) Demographics

    34 Median Age
    13,323 Population Density (per sq. mile)
    54% College Educated
    $57,411 Estimated Median Income
    2,675 Estimated Total Home Owners
    14,329 Estimated Total Renters
    16% / 84% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    35,312 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,035,000 Median Sales Price
    11 Homes Sold
    18 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,380,000
        7/25/2022 8:32:01 PM Price Increased Source: Multiple Listing Service New Value: $3,380,000 5.63%
        7/4/2022 8:31:00 PM New in Database Source: Multiple Listing Service New Value: $3,200,000

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 11/30/2022 3:34:48 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.