$1,050,000
About this home
Amazing Fourplex! (Note: Primary Pic is an A.I. Simulation of exterior remodel, current condition pic in the photos). The property has benefited from substantial capital improvements over time, with most units featuring meaningful interior updates including modernized kitchens, remodeled bathrooms, upgraded flooring, recessed LED lighting, and efficient mini-split HVAC systems. The remaining improvements present a clear opportunity for a new owner to further enhance value while increasing rental income. Incredible 8.65 CAP Rate possible! Close to everything and just north of trendy Studio City with ideal dinning and shopping amenities without the Studio City Price. Great investment opportunity, Huge upside for improved rents. All units currently month-to-month. Everything major has been recently renewed in all units, including new roof, copper plumbing, electrical, (all units feature recessed LED lights), newer meters, newer flooring in ALL rooms, bathrooms totally redone with newer tube and tile enclosures, Newer AC units, Dual pane on half the units. Some units do need new cabinets. Parking in back of unit with garages. There are no monthly expenses paid by owner, per owner other than property taxes, Tenants cover everything including water. Ready for the Olympics?
Facts & features
- Bedrooms
- 4
- Bathrooms
- 4 full, 0 half
- Living area
- 2,890 sq ft
- Appliances
- Water Heater
- Flooring
- Laminate
- Levels
- One
- Lot size
- 0.173 acres (7,554 sq ft)
- Year built
- 1941
- Parking spaces
- 4
- Area
- NHO - North Hollywood
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 319
- Listed
- 2025-09-04
- Original price
- $1,275,000
- Terms
- Cash, Cash To Existing Loan, Cash To New Loan, Conventional
- Parcel #
- 2338013023
- MLS #
- 225004537
