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    5131 Bakman Avenue

    North Hollywood, CA 91601
    • $3,395,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: SR21042064
    UPDATED: 39 min ago
    $3,395,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,586
      SQFT
    • $448
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1955
    County:

    School Ratings & Info

    Description

    We are proud to represent this 12 unit apartment building in North Hollywood. The building was constructed in 1955. Its unit mix consists of (10) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. Tenants enjoy secured, covered parking and a well-landscaped property. With a lot size of 10,938 square feet, the property has a total of 7,586 rentable square feet. It is zoned R4 tier 3 and is buildable up to 48 units. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electricity

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T17:38:58.917. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/114626410
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    5131 Bakman Avenue North Hollywood, CA 91601

    • Price: $3,395,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: SR21042064
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    7,586
    SQFT
    $448
    $/SQFT
    1955
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    We are proud to represent this 12 unit apartment building in North Hollywood. The building was constructed in 1955. Its unit mix consists of (10) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. Tenants enjoy secured, covered parking and a well-landscaped property. With a lot size of 10,938 square feet, the property has a total of 7,586 rentable square feet. It is zoned R4 tier 3 and is buildable up to 48 units. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electricity
    Exterior Features

    Lot Features Lawn Number Of Separate Electric Meters 12 Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Common Interest None Community Features SuburbanUrbanValley Electric Expense 8918 Fuel Expense 0 Garage YN No Gross Income 211176 Gross Scheduled Income 211176 Insurance Expense 2761 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New Loan Net Operating Income 138479 New Construction YN No New Taxes Expense 41820 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 12 Operating Expense 67802 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2954 Water Sewer Expense 0 Water Source Public Zoning Lar4

    Listing provided courtesy of Cindy Hill of Keller Williams Encino-Sherman Oaks


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-17T17:38:58.917. 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 deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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