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6940 Ben Avenue

North Hollywood, CA 91605
  • $850,000
  • STATUS: Active
  • ON SITE: 40 Days
  • ID#: AR22075273
UPDATED: 53 min ago
$850,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
NHO - North Hollywood
Type:
Multi-Family
Built:
1939
County:
Los Angeles
Area:
NHO - North Hollywood

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Listing Agent(s): Thomas Theung of Coldwell Banker New Century (626-285-8899)


Description

Charming Triplex located in the heart of North Hollywood. Very low maintenance Triplex with excellent long term tenant which have each been at the property for over 15 years. Tenants are paying well below market rent. Potential to increase rent by 45% from current rent. Super Hot Area for new development opportunity in one of L.A.'s Hottest Neighborhood. Close proximity to shopping, restaurants, schools, parks, public transportation, and freeway. THIS PROPERTY WILL NOT LAST.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/127766966
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6940 Ben Avenue North Hollywood, CA 91605

  • Price: $850,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 53 min ago
  • ID#: AR22075273
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1939
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
Charming Triplex located in the heart of North Hollywood. Very low maintenance Triplex with excellent long term tenant which have each been at the property for over 15 years. Tenants are paying well below market rent. Potential to increase rent by 45% from current rent. Super Hot Area for new development opportunity in one of L.A.'s Hottest Neighborhood. Close proximity to shopping, restaurants, schools, parks, public transportation, and freeway. THIS PROPERTY WILL NOT LAST.
Exterior Features

Architectural Style Bungalow Carport Spaces 3 Carport YN Yes Construction Materials AsphaltDrywallConcreteStuccoUnknownWood Siding Entry Level 1 Entry Location Ground Exterior Features Barbecue Fencing Wrought Iron Foundation Details RaisedSlab Lot Features Back YardFront YardNear Public Transit Number Of Separate Electric Meters 3 Open Parking Spaces 3 Parking Features AsphaltUnassigned Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type MaintainedPaved Roof AsphaltCompositionShingle Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features Accessible Doors Appliances Gas Range Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateVinyl Heating Space HeaterWall Furnace Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street Lights Current Financing None Disclosures Rent Control Electric Electricity - On Property Garage YN No Gross Income 36312 Gross Scheduled Income 36312 Insurance Expense 890 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupIn Kitchen Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 23372 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 2 Operating Expense 12940 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Actual Rent 3026 Trash Expense 634 Utilities Electricity ConnectedNatural Gas ConnectedWater Connected Water Sewer Expense 3669 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-26T19:33:55.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Thomas Theung of Coldwell Banker New Century (626-285-8899)