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$ 3,195,000
Est. payment | /mo
7,947 SqFt
$ 3,195,000
Est. payment | /mo
7,947 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,947 sqft
Price per Sqft $402
MLS Listing ID CL26661817
HOA Y/N No
Year Built 2024
Lot Size 6,216 Sqft
Acres 0.1427
Property Sub-Type Other
Property Description
Presenting 5709 Auckland Ave, a fully occupied multifamily investment opportunity located in North Hollywood, immediately adjacent to the City of Burbank. This well-performing asset generates approximately $20,260 in monthly rental income and $244,120 in annual gross income, offering investors a 5.76% cap rate in one of the San Fernando Valley's most desirable rental markets.The property consists of five spacious units totaling 18 bedrooms and 17 bathrooms, featuring large open floor plans, expansive living areas, and oversized windows that bring in abundant natural light. Each residence is designed with modern kitchens, quality finishes, and thoughtfully designed layouts, creating an attractive and comfortable living environment for tenants.Additional property features include eight dedicated carport parking spaces, providing convenient off-street parking for residents a valuable amenity in this high-demand area.The location is a major highlight. The property sits just minutes from the NoHo Arts District, giving tenants access to a vibrant neighborhood filled with restaurants, cafs, theaters, and entertainment venues. It is also conveniently located near Burbank's Media District, home to major employers such as Warner Bros., Universal Studios, and other production studios, making it highly attractive to entertainment industry professionals. The Metro Red Line is also nearby, providing easy access to Hollywood, Downtown Los Angeles, and surrounding employment hubs.With strong in-place income, large unit layouts, and a prime location near major employment centers, 5709 Auckland Ave represents a rare opportunity to acquire a stabilized, income-producing asset in one of Los Angeles' strongest rental markets.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Other
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 2415025021
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Listed by Michael Fitzgerald • Rise Realty
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