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7217 Lemp AVE North Hollywood, CA 91605
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Key Details
Sold Price $1,310,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,348 sqft
Price per Sqft $301
MLS Listing ID SR21181805
Sold Date 11/30/21
HOA Y/N No
Year Built 1958
Lot Size 6,629 Sqft
Acres 0.1522
Property Description
BACK ON MARKET! MUST SEE! Great investment property in North Hollywood! This 4,348 SqFt building is comprised of six (6) units with a total of 11 bedrooms – FIVE (2) bed / (1) bath units, and ONE (1) bed / (1) bath unit! Presently, five of the units have current long-term tenants on month-to-month leases and one unit is vacant and has been completely remodeled, perfect for the next owner/user or for the new owner to pick a tenant of their choice at market rent! New owner may increase rents as desired, in line with LA Rent Control. Included on the property is a 6-car carport in the rear of the building for tenants’ use, as well as a community laundry room. Owner covers the cost of water and maintenance of the grounds. Tenants cover their own utility and cable bills. Poised in the heart of North Hollywood, this property is a desirable asset to add to one’s portfolio! Located nearby local restaurants, markets, establishments, public transportation and so much more! This building has a LOT of potential! The perfect opportunity for an investment in a high-demand area! PLEASE DO NOT DISTURB TENANTS!
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Rooms
Ensuite Laundry CommonArea, LaundryRoom
Interior
Laundry Location CommonArea,LaundryRoom
Heating WallFurnace
Cooling WallWindowUnits
Fireplaces Type None
Fireplace No
Appliance Dryer, Washer
Laundry CommonArea, LaundryRoom
Exterior
Garage Covered, DetachedCarport
Carport Spaces 6
Pool None
Community Features StreetLights
Utilities Available ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
View Y/N Yes
View Neighborhood
Roof Type Composition,Shingle
Parking Type Covered, DetachedCarport
Total Parking Spaces 6
Private Pool No
Building
Lot Description DesertFront
Story 2
Entry Level One
Sewer PublicSewer
Water Public
Architectural Style Traditional
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 2316030028
Acceptable Financing Cash, Conventional, Item1031Exchange
Listing Terms Cash, Conventional, Item1031Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Carlos Estrada • Liberty Investment Group