Fully Leased out Newly built 2-story fourplex made up of four spacious 4 bedroom, 4 bathroom townhome-style units located in the heart of North Hollywood! Huge Corner Lot! prime NoHo Arts District location, within walking distance to restaurants, retail and commercial plaza!
Property is located in an OPPORTUNITY ZONE, NO RENT CONTROL, little to no maintenance, separate meters for gas, water & electric, balconies, and has high demand from renters. Each bedroom gets their OWN PRIVATE BATHROOM! No sharing!!! laundry inside each unit, Highly upgraded stainless steel appliances, open floor plans, and total 8 convenient OVERSIZED exterior parking spots.
Actual Rent for each unit is 4350, 4200, 3999 and 4200, which is below market rental price. Market rent is 4500 per each unit. Great potential to easily increase the cap rate!