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    6851 Radford Avenue

    North Hollywood, CA 91605
    • $2,649,000
    • STATUS: ACTIVE
    • ON SITE: 74 days
    • ID#: 302959745
    UPDATED: 164 min ago
    $2,649,000
    • 4
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    6851 Radford Ave, located in the heart of North Hollywood, is a brand-new construction trophy property comprised of four (4) 4 bedroom/3 bathroom units with 6,888 square feet of rentable living space, residing on a large 9,015 square foot corner lot. The developers have minimized expenses for the new owner by installing separate meters for all utilities and drought-resistant landscaping. Furthermore, this property will not be subject to the rent increase restrictions or just cause evictions imposed by AB 6851 Radford Ave, located in the heart of North Hollywood, is a brand-new construction trophy property comprised of four (4) 4 bedroom/3 bathroom units with 6,888 square feet of rentable living space, residing on a large 9,015 square foot corner lot. The developers have minimized expenses for the new owner by installing separate meters for all utilities and drought-resistant landscaping. Furthermore, this property will not be subject to the rent increase restrictions or just cause evictions imposed by AB 1482, the California Tenant Protection Act of 2019. With a very walkable WalkScore of 74, the property is just south of Sherman Way and west of Laurel Canyon Rd and within walking distance to Ralphs, Home Depot, Costco, Starbucks, among numerous other retail stores and restaurants. Bus lines also run on all four major streets surrounding the property. Just 1 mile south on Laurel Canyon Blvd is the NoHo West Complex, a 35-acre mega project consisting of 190,000 square feet of retail and restaurant space, 500,000 square feet of office space, and a pair of podium-type apartment buildings with a total of 642 units. Conveniently located near the 101, 5, 170, and 134 Freeways, as well as the Hollywood Burbank Airport, tenants enjoy the convenience to everything the LA metro area has to offer, and beyond.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.carriefilla.com/homes/111644963
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    6851 Radford Avenue North Hollywood, CA 91605

    • Price: $2,649,000
    • Status: ACTIVE
    • Updated: 164 min ago
    • ID#: 302959745
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    Neighborhood:
    North Hollywood (91605)
    County:
    Los Angeles
    Area:
    North Hollywood (91605)
    Property Description
    6851 Radford Ave, located in the heart of North Hollywood, is a brand-new construction trophy property comprised of four (4) 4 bedroom/3 bathroom units with 6,888 square feet of rentable living space, residing on a large 9,015 square foot corner lot. The developers have minimized expenses for the new owner by installing separate meters for all utilities and drought-resistant landscaping. Furthermore, this property will not be subject to the rent increase restrictions or just cause evictions imposed by AB 6851 Radford Ave, located in the heart of North Hollywood, is a brand-new construction trophy property comprised of four (4) 4 bedroom/3 bathroom units with 6,888 square feet of rentable living space, residing on a large 9,015 square foot corner lot. The developers have minimized expenses for the new owner by installing separate meters for all utilities and drought-resistant landscaping. Furthermore, this property will not be subject to the rent increase restrictions or just cause evictions imposed by AB 1482, the California Tenant Protection Act of 2019. With a very walkable WalkScore of 74, the property is just south of Sherman Way and west of Laurel Canyon Rd and within walking distance to Ralphs, Home Depot, Costco, Starbucks, among numerous other retail stores and restaurants. Bus lines also run on all four major streets surrounding the property. Just 1 mile south on Laurel Canyon Blvd is the NoHo West Complex, a 35-acre mega project consisting of 190,000 square feet of retail and restaurant space, 500,000 square feet of office space, and a pair of podium-type apartment buildings with a total of 642 units. Conveniently located near the 101, 5, 170, and 134 Freeways, as well as the Hollywood Burbank Airport, tenants enjoy the convenience to everything the LA metro area has to offer, and beyond.
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 3

    Property Features

    Actual Cap Rate 5.57 Annual Expense Actual 38726 Buildings 2 Gross Rent Multiplier Actual 13.8 Gross Scheduled Income Actual 192000 Home Owners Fees 0.0 Unit Number For Unit1 1 Unit1 Rent Actual 4000.0 Zoning Appraiser

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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