7107 Coldwater Canyon Ave
North Hollywood, CA 91605
PRICE IMPROVEMENT!
Sales Price $1,585,000
North Hollywood Apartment
Beds
3
Baths
2
Home Size
4504 Sq. Ft.
Lot Size
6912 Sq. Ft.
PRICE IMPROVEMENT!
Rare Investment Opportunity On Coldwater Canyon Avenue Strong Income with Expansion Upside. 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 Offering Memorandum, also attached.
This home located at 7107 Coldwater Canyon AVE is currently active and has been available on pardeeproperties.com for 60 days. This property is listed at $1,585,000. It has 3 beds and 2 bathrooms. The property was built in 1958. 7107 Coldwater Canyon AVE is in the North Hollywood community of Los Angeles County.
Quick Facts
- 60 days on market
- Built in 1958
- Total parking spaces 6Car
- Carport
- Apartment
- Community | North Hollywood
- MLS# | SR25115726MR
Features
- Wall/Window Unit(s) Cooling
- Wall Heat
The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.
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