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5959 Irvine Ave
North Hollywood, CA 91601
5959 Irvine | Charming Triplex for $625,000! · Multifamily Property For Sale
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3 Units
Property Facts
| No. Units | 3 | Building Size | 1,957 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1942 |
| Building Class | C | Parking Ratio | 1.53/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LARD2 | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 1,957 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1942 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | LARD2 |
About 5959 IRVINE AVE , NORTH HOLLYWOOD, CA 91601
The 2-4 Unit Specialists are pleased to present 5959 Irvine Avenue, the most charming triplex in North Hollywood! For an unbelievable price of $625,000, these adorable side-by-side cottages will go lightening fast. This triplex is situated half a mile from NoHo West, the gorgeous mixed-use lifestyle center that is opening in 2019 on Oxnard St at the old Laurel Plaza site. We project that this development will massively expand North Hollywood’s gentrification, which is already evident in the NoHo Art’s District. The owner has put a lot of love and care into this property. Amenities/updates include: copper plumbing, electrical wiring redone in 2011, sewer line to street redone after 2000, roof redone after 2000, three 1-car garages, and a shared yard behind the units. Also notable is the fact that this is a corner lot. ACT FAST! Pro forma cap rate on this deal is a whopping 6.53%. Not to mention, price per unit is a low $208,333!
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,157 | 652 - 653 |
Property Taxes
| Parcel Number | 2339-009-073 | Improvements Assessment | $386,859 |
| Land Assessment | $398,238 | Total Assessment | $785,097 |
Property Taxes
