For more information regarding the value of a property, please contact us for a free consultation.
6734 Irvine AVE North Hollywood, CA 91606
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,100,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB19006391
Sold Date 04/09/19
Construction Status Turnkey
HOA Y/N No
Year Built 2019
Annual Tax Amount $25,351
Lot Size 7,840 Sqft
Acres 0.18
Property Description
6732 Irvine is a stunning new construction fourplex that was fully leased up (subject to C of O) in record speed at $3,500 for the 4 bedroom units, $3,100 for the upstairs 3 bedroom, and $2,900 for the downstairs 3 bedroom. Due to gas/C of O not being in as quickly as hoped, the 4 bedroom tenants bowed out, but with completion happening in a few days, we are now in the process of re-renting the 4 bedrooms for $3,600 ($100 more because they went so fast the first time). That means a cap rate of 5.85%, which is the highest of any current new construction deals!
Aside from being an extremely easy rental, this building boasts:
- A chic black and white Cape Cod style exterior
- A sleek interior with upscale finishes, stainless steel appliances and high ceilings
- No rent control
- A location that is gentrifying rapidly near the future home of NoHo West
6732 Irvine is made up of two 4 bedroom, 3 bathroom units that are townhome style and two 3 bedroom, 2 bathroom units that are single story (one above the other). The property boasts eight parking spaces.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside
Flooring Laminate
Fireplace No
Appliance Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Fence Excellent Condition
Pool None
Community Features Curbs, Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Landscaped, Near Public Transit, Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Level or Stories Two
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 2320014009
Acceptable Financing Submit
Listing Terms Submit
Financing Cash to New Loan
Special Listing Condition Standard
Read Less
Bought with Morgan McMullin • Compass
GET MORE INFORMATION