6623 Lemp Avenue
North Hollywood, Ca 91606
MLS #15952159

Income
  • 8units
  • 6,944sq ft
Pending Sale $1,499,000
Est. P&I payment: $5725.16/mo
6623 Lemp Avenue, North Hollywood, Ca 91606
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Description for 6623 Lemp Avenue, North Hollywood, Ca 91606
NICE GATED 8 UNIT BUILDING. LARGE BREAD AND BUTTER UNITS IN THE HEART OF NORTH HOLLYWOOD WITH UPSIDE POTENTIAL. HURRY WONT LAST, GREAT UNIT MIX. CLOSE TO FREWAYS & PUBLIC TRANSPORTATION. SELLER MOTIVATED. NO VACANCIES. BUILDING HAS ALL COPPER PLUMBING, NEW ROOF, NEW FENCE WITH ELECTRIC GATE. ALL UNITS REMODELED. RECEIPTS AVAILABLE UPON REQUEST.
MLS #15952159
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My Notes for MLS #15952159

General Features

  • Number Of Buildings: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Year Built: 1963
  • Zoning: LARD1.5
  • Improvements Amount: 464,090
  • Land Value: 560,989
  • Number With Carpet: 8
  • Number With Disposal: 8
  • Number With Range: 8
  • Number With Refrigerator: 8

Exterior Features

  • Construction Materials: Stucco
  • Roof: Flat
  • Stories Total: 2
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,802
  • Lot Size SqFt: 7,802
  • Lot Size Units: Square Feet
  • Direction Faces: East
  • Entry Location: Ground Level No Steps
  • Garage Spaces: 10
  • Parking YN: 1
  • Parking Features: Covered Parking
  • Parking Total: 10
  • Property Condition: Building Permit

Interior Features

  • Flooring: Laminated
  • Levels: Two

Utility Features

  • Laundry YN: 1
  • Laundry Features: Area
  • Security Features: Automatic Gate
  • Appliances YN: 1
  • Appliances: Electric Range,​Electric Water Heater
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Wall AC: 8

Financial Features

  • CapRate: 5.74
  • Gross Scheduled Income: 121,200
  • Insurance Expense: 2,778
  • Laundry Income: 2,000
  • Maintenance Expense: 6,180
  • Net Operating Income: 81,714
  • Price Per SqFt: 215.87
  • Total Expenses: 41,486
  • Trash Expense: 1,200
  • Water Sewer Expense: 8,640
  • Gardner Expense: 1,200
  • Gross Income: 10,267
  • Gross Multiplier: 12.3
  • Gross Operating Income: 123,200
  • Gross Spendable Income: 123,200
  • Price Per Unit: 200,000
  • Tenant Pays: Electricity

Miscellaneous Features

  • Building Area Total: 6,944
  • Days On Market: 82
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 82

Location

 
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Directions to 6623 Lemp Avenue, North Hollywood, Ca 91606
6623 Lemp Ave, North Hollywood, CA 91606. South of Sherman Way, East of Laurel Canyon.
Listing information for 6623 Lemp Avenue, North Hollywood, Ca 91606 was graciously provided by our friends at the listing brokerage, Maxim Frid, broker and by listing agent Frid Maxim DRE# 01850146

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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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