10621 Valley Spring Ln | North Hollywood, CA 91602
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10621 Valley Spring Ln
North Hollywood, CA 91602
Studio Heights Apartments · Multifamily Property For Sale
·
45 Units
Investment Highlights
- Favorable Assumable Financing with JP Morgan Chase. 3.80% fixed for approximately 3.5 more years.
- Current rents are approximately 25% under market providing a new investor the opportunity to renovate units and common areas to maximize rental income
- 45-unit value add apartment building in beautiful West Toluca Lake/North Hollywood – constructed in 1987
- An excellent unit mix consisting of 15 one-bedroom/one-bathroom units* and 30 two-bedroom/two-bathroom units
Property Facts
| No. Units | 45 | Building Size | 44,848 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1987 |
| Building Class | B | Parking Ratio | 1.81/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | R3, Los Angeles - multiple dwelling zone | ||
| No. Units | 45 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.41 AC |
| Building Size | 44,848 SF |
| Average Occupancy | 93% |
| No. Stories | 4 |
| Year Built | 1987 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R3, Los Angeles - multiple dwelling zone |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Fireplace
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
- Spa
Property Taxes
| Parcel Number | 2423-023-031 | Improvements Assessment | $6,229,418 |
| Land Assessment | $4,278,397 | Total Assessment | $10,507,815 |
Property Taxes
Parcel Number
2423-023-031
Land Assessment
$4,278,397
Improvements Assessment
$6,229,418
Total Assessment
$10,507,815
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