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7217 Lemp Avenue North Hollywood, CA 91605-

1,375,000

General Information
  • Status: Pending
  • Type:Multi-Family
  • Bedrooms
  • Bathrooms
  • Square feet: 4,348
  • Lot size: 6,632
  • Year built: 1958
  • Mls# SR21181805
  • Days on Market: 69
  • Units: 6
  • Acres:
  • HOA Fees:
  • BACK ON MARKET! MUST SEE! Great investment property in North Hollywood! This 4,348 SqFt building is comprised of six (6) units with a total of 11 bedrooms – FIVE (2) bed / (1) bath units, and ONE (1) bed / (1) bath unit! Presently, five of the units have current long-term tenants on month-to-month leases and one unit is vacant and has been completely remodeled, perfect for the next owner/user or for the new owner to pick a tenant of their choice at market rent! New owner may increase rents as desired, in line with LA Rent Control. Included on the property is a 6-car carport in the rear of the building for tenants’ use, as well as a community laundry room. Owner covers the cost of water and maintenance of the grounds. Tenants cover their own utility and cable bills. Poised in the heart of North Hollywood, this property is a desirable asset to add to one’s portfolio! Located nearby local restaurants, markets, establishments, public transportation and so much more! This building has a LOT of potential! The perfect opportunity for an investment in a high-demand area! PLEASE DO NOT DISTURB TENANTS!
    Features
    • Traditional Style
    • Composition Roof
    • Shingle Roof
    • Wall/Window Unit(s) Cooling
    • Wall Furnace Heat
    • Detached Carport
    • Covered
    • Source:CRISNET IDX
    • LA:Natali Toth
    • Co-LA:
    • Listing Updated:10/6/2021 11:45:11 AM
    • LO:First Class Real Estate,F8479001
    • Co-LO:
    • Database Updated:2021/10/26 22:43:43
    • SA:
    • SO:
    • Co-SA:
    • Co-SO:

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    Location

    2926 West Magnolia Blvd.
    Burbank, CA 91505
    818.569.0210

    info@firstclassca.com

    DRE# 01519420

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