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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

Listed by Alexander Izbicki, DRE #00993482 • RE/MAX One

$ 2,200,000

Est. payment | -/mo

6,849 Sqft Lot

Save

$ 2,200,000

Est. payment | -/mo

Save

6,849 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CNSR23026350

Style Other

Year Built 1979

Lot Size 6,849 Sqft

Source CRISNet

Property Description

Presenting this 12-unit multifamily property at 5118 Klump Avenue, located in the very desirable NoHo Arts District neighborhood. Built in 1979, this property is free of LA's strict rent control laws, and is only subject to California's AB-1482, which limits annual rent increases to 5% + CPI. (buyer to confirm) giving the investor the opportunity to capitalize on over 80% upside potential in rents. This 3-story, 4,314-square-foot property sits on a 6,849-square-foot lot, and it boasts a great unit mix of twelve single apartments each with one full bath. Perfect for entry-level demographics NoHo is so popular for. The property offers laundry facilities as well as an elevator in the building allowing ease of access to all 3 floors. All units are bright and spacious and close to all of the grandeur that is the NoHo Arts District which is a one-square-mile community in North Hollywood that is home to more than 20 live, professional theaters, dance studios, art galleries, public art, music recording venues, acting and art workshops, international dining options, clothing and specialty shops, and businesses that create a myriad of art forms. NoHo is "Where the Arts Are Made." This is the first time this property has been on the market in over 20 years and sellers have never listed the

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Interior

Heating Heat Pump

Laundry Laundry Area

Exterior

Garage Spaces 14.0

Pool None

View None

Roof Type Other

Building

Foundation Other

Water District - Public

Architectural Style Other

Others

Tax ID 2353004016

Special Listing Condition Not Applicable

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA, 92008, USA

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5118 Klump AVE North Hollywood, CA 91601