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7225 Bakman Ave
North Hollywood, CA 91605
Multifamily Property For Sale
·
6 Units
Investment Highlights
- A value add investment opportunity with current rents below market and current loss-to-lease of 32% and a Pro Forma CAP rate of 7.39%
- The building sits on a fully gated 6,398 sf lot that features 10 covered parking spaces (5 in the front and 5 in the rear)
- The building is separately metered for gas and electricity allowing an investor easy management of the property
- Three of the six units will be delivered vacant allowing the new ownership to immediately capture market rents
- A desirable unit mix made up of four 3-bedrooms, one 1-bedroom, and one 2-bedroom. All units come with air conditioning
- Located one block from Sun Valley Magnet School and only a short walking distance to Costco, Homedepot, and Fedex.
Property Facts
| No. Units | 6 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 6,349 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.58/1,000 SF |
| Zoning | R3-1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,349 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.58/1,000 SF |
| Zoning | R3-1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 4 | - | - |
Property Taxes
| Parcel Number | 2315-022-007 | Improvements Assessment | $567,746 |
| Land Assessment | $955,087 | Total Assessment | $1,522,833 |
Property Taxes
Parcel Number
2315-022-007
Land Assessment
$955,087
Improvements Assessment
$567,746
Total Assessment
$1,522,833
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