CA > North Hollywood
North Hollywood, CA 91601,5709 Auckland AVE
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North Hollywood, CA 91601,5709 Auckland AVE
North Hollywood, CA 91601,5709 Auckland AVE
North Hollywood, CA 91601,5709 Auckland AVE
North Hollywood, CA 91601,5709 Auckland AVE
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Lisa Bethel

Lisa Bethel

+1(818) 319-5060
$ 3,295,000
Est. payment /mo
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5709 Auckland AVE North Hollywood, CA 91601

18 Beds

17 Baths

7,947 SqFt

UPDATED:

11/28/2024 01:08 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,947 sqft

Price per Sqft $414

MLS Listing ID 24463773

Bedrooms 18

HOA Y/N No

Year Built 2024

Lot Size 6,216 Sqft

Property Description

5709 Auckland Ave! Presenting an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.66% pro-forma cap rate, offering investors solid returns in a sought-after location. Offering 5 generously sized units for a total of 18 bedrooms and 17 bathrooms throughout. All 5 units feature large bedrooms and living spaces, open floor plans, and massive windows that flood the space with natural light. Every unit is equipped with custom-designed kitchens, offering a luxurious and modern living experience. The photos speak for themselves! The property includes 8 dedicated parking spaces, all carports, ensuring convenient parking for tenants, an essential feature in the bustling North Hollywood area. Location is a major highlight: just minutes away from the NoHo Arts District, offering tenants easy access to a vibrant neighborhood full of theaters, art galleries, trendy restaurants, and cafes. The property is adjacent to the City of Burbank, giving close access to all Burbank as to offer. It's also near major studios like Universal and Warner Bros., making it attractive to entertainment industry professionals. Additionally, the property is conveniently located close to the Metro Red Line, providing easy access to Downtown LA and surrounding areas. With its spacious units, modern amenities, and prime location, this property is positioned for long-term growth and steady rental demand in one of LA's hottest markets. Don't miss out on this rare opportunity to invest in a high-performing asset in the heart of North Hollywood!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAC2

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Attached Carport, Carport

Attached Garage Yes

Total Parking Spaces 8

Building

Story 3

Entry Level One,Multi/Split

Level or Stories One, Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 2415025021

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Michael Fitzgerald • Power Brokers

Lisa Bethel

Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953

+1(818) 319-5060

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5709 Auckland AVE