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7219 Bakman Ave
North Hollywood, CA 91605
PRICE REDUCTION | $182,500/Unit & $304/SF · Multifamily Property For Sale
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6 Units
Investment Highlights
- Incredible Value-Add Opportunity - Tremendous rental upside | 8.88 GRM and 7.62% CAP at market rents
- Attractive Price Per Unit and SF - Priced at $182,500/Unit and $304.17/SF
- On-Site Laundry - Provides additional income for a landlord and convenient for the tenants
- New Roof - New roof was installed in 2019
- Ample Parking - 6 tandem parking spots | 12 parking spots total
- Excellent Location - The property is close to multiple stores and shops along Sherman Way, Glendale, and the Hollywood Burbank Airport
Property Facts
| No. Units | 6 | Building Size | 3,600 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1957/2019 |
| Building Class | C | Parking Ratio | 3.33/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LAR3 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 3,600 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2019 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | LAR3 |
Amenities
Site Amenities
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $1,700 | - |
Property Taxes
| Parcel Number | 2315-022-008 | Improvements Assessment | $265,302 |
| Land Assessment | $801,108 | Total Assessment | $1,066,410 |
Property Taxes
Parcel Number
2315-022-008
Land Assessment
$801,108
Improvements Assessment
$265,302
Total Assessment
$1,066,410
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