7107 Coldwater Canyon AVE North Hollywood, CA 91605
6,912 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25115726
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1958
Lot Size 6,912 Sqft
Property Sub-Type Apartment
Property Description
Unlock the full potential of this 6-unit multi-family property. With four renovated units already commanding top market rents, this income-generating gem is an ideal acquisition for both seasoned investors and first-time multifamily buyers who are looking to transition from SFR rentals. The unit mix of four 2 bed/1 bath and two 1 bed/1bath is ideal with each unit having 1 covered parking space. All units have separate gas and electricity meters. Strategically positioned just west of the CA 170 freeway, this property benefits from exceptional connectivity to major employment hubs, high visibility, and as a result consistently enjoys strong tenant demand. Most importantly, there is value-add potential with the possibility of adding 1-2 new units as the adjacent owner is already doing (confirm with the city), bringing 2 two bedrooms units to market rent after tenant turnover, plus the opportunity to double the parking, and thereby maximize cash flow by leasing extra parking spaces, & renting out storage closets. Whether you're scaling a growing portfolio or stepping for the first time into multi-family ownership , this well-maintained, high-demand asset is an opportunity that shouldn't be missed. Property sales along the Coldwater Canyon corridor are few and far between. Contact the listing agent for property specifics and to schedule a site visit.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Interior Features Quartz Counters
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Gas Oven, Gas Range, Range Hood
Laundry Common Area
Exterior
Parking Features Carport
Carport Spaces 6
Fence Block, Chain Link
Pool None
Community Features Urban, Valley
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Roof Type Shingle
Accessibility None
Total Parking Spaces 6
Private Pool No
Building
Lot Description 6-10 Units/Acre
Faces East
Story 2
Entry Level Two
Foundation Raised
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 2327018066
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
