Active

6926 Morella Avenue

North Hollywood CA, 91605

$3,189,000


$395.80 per sqft

Active

8,057 sqft

Condo

Built in 2021

Listed by XIO SANDOVAL with CENTURY 21 REALTY MASTERS 323-722-7300

THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market at a true 6.47 cap rate. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.

MB24069695

MLS ID

April 8, 2024

Listed

April 12, 2024

Updated

Map

6926 Morella Avenue
North Hollywood CA, 91605

Interior Features

Total Stories

1


Laundry Description

Inside, Stacked


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.18 Acres


Sewer

Public Sewer

Other Property Details

Area Name

NHO - North Hollywood


Days on Market

1


Garage

Yes


Garage Spaces

4


Parking

Direct Access, Driveway, Garage


Parking Total

9


View

Yes


View Description

Neighborhood


County

Los Angeles


Water Source

Private


Pool

No


Pool Features

None


Zoning

LARD1.5


Buyer Agency Compensation

2%

Listing Contact: 323-722-7300 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/12/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/12/2024 at 7:44 PM UTC

 

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