5525 Elmer Avenue , North Hollywood, CA - 91601 is For Sale

  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
  • 24368981
$2,800,000· Income property

Description

Welcome to 5525 Elmer Avenue! Come see this quadruplex that has 2 townhomes and a detached owner's unit! This is an excellent income property located in the heart of NoHo Arts District. THis is the perfect central location for yourself and your future prospective tenants: walking distance to the Metro, parks, shopping, restaurants, and studios. Freeways and other transportation are commuting distance. New developments in the area make this a great property to add to the real estate portfolio, especially if one wants to add ADUs to generate more passive income. This property will not last long!

Features

MLS#: 24368981
List Price : $2,800,000
Total Units : 4
Gross Operating Income : $120,000
Net Operating Income : $25,000
Sq M : 607 M2
Year Built : 1934
Days on market : 32 Days
Gross taxes : N/A
Address : 5525 Elmer Avenue
City : North Hollywood
State : CA
Zip Code : 91601
Neighborhood : N/A
Appliances : Refrigerator
Parking Features : Assigned
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $2,800,000
Acres : 0.1499
Lot Size (Acres) : 0.1499
Heating : Combination
Parking Features : Assigned
Cooling : Central Air
Driving Directions : From the 170 North Freeway, exit Burbank Blvd and make a right. Pass Lankershim Blvd and make a right turn on Elmer Avenue. The property will be on the right-hand side.
 
Courtesy of : Jean Pierre , TNT Real Estate and Investments Inc.

Location

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).