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11264 Morrison St
North Hollywood, CA 91601
Multifamily Property For Sale
·
6 Units
Investment Highlights
- NO LA RENT CONTROL – property does not fall under Los Angeles Rent Stabilization Ordinance allowing for 5% plus CPI annual rent increases
- EXCELLENT UNIT MIX – six (6) large 2bed+2bath units
- ADU POTENTIAL – parking area may provide potential to create additional units
- VALUE ADD OPPORTUNITY – one unit will be delivered vacant and rent ready with an additional 33% upside in rents after vacancy is leased
- AMPLE ON-SITE PARKING – six large tandem parking spaces
- UNIQUE ARCHITECTURE – the living space area is cape cod style above a stone frontfaçade at street level
Property Facts
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 5,802 SF |
| Property Subtype | Apartment | Average Occupancy | 95% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1987 |
| Zoning | R4-2 - Multiple Dwelling | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,802 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1987 |
| Zoning | R4-2 - Multiple Dwelling |
Amenities
Unit Amenities
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Security System
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | - | 967 |
Property Taxes
| Parcel Number | 2353-016-045 | Improvements Assessment | $640,000 |
| Land Assessment | $1,300,000 | Total Assessment | $1,940,000 |
Property Taxes
Parcel Number
2353-016-045
Land Assessment
$1,300,000
Improvements Assessment
$640,000
Total Assessment
$1,940,000
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