6726 Beck Avenue, North Hollywood, CA 91606

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List Price
$1,299,000
Status
ACTIVE
MLS#
SR26231211
Year Built
2004
Lot Size
6,751
Acres
0.16
Lot Location
Near Public Transit
Days on Market
2
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
One Level

Property Description

Unique North Hollywood 4-unit investment and owner-user opportunity offered as part of a dual-parcel, block-to-block multifamily assemblage. The Beck Avenue property consists of four existing units across two buildings on an approximately 6,750 SF lot. The front building was originally constructed in 1956, while the rear building was built in 2004, providing a unique combination of established multifamily improvements and newer construction. Offered at $1,299,000, this property is intended to be purchased concurrently with the adjoining triplex at 6727 Camellia Avenue, separately offered at $999,000. Together, the properties create a 7-unit investment on approximately 13,500 SF of contiguous land extending from Beck Avenue to Camellia Avenue. Together, the two contiguous parcels create approximately 13,500 SF of land—nearly one-third of an acre—with block-to-block frontage from Beck Avenue to Camellia Avenue. Combined, the properties offer 7 existing units and a unique long-term investment opportunity. A vacant unit creates an attractive opportunity for a potential owner-occupant while collecting rental income from the remaining units. Because this parcel contains four units, qualified buyers may also be able to explore residential 1–4 unit financing rather than traditional commercial multifamily financing, subject to lender guidelines and borrower qualification. The property features gated access, a newer roof, copper plumbing, separately metered utilities, on-site laundry, security cameras and a majority of renovated units. The combined assemblage also offers significant long-term optionality. The open area between the two parcels may provide potential for additional ADUs, and the dual-street configuration provides access from both Beck and Camellia Avenues. All development concepts are subject to buyer investigation and City approval. Sale of this property is contingent upon the concurrent sale and closing of 6727 Camellia Avenue. Seller will not sell either parcel independently. Buyer to independently verify all rents, expenses, square footage, zoning, ADU/development potential, financing availability and property information.

Additional Information

Pool Description
None
Heat
Central, Wall Furnace
Cooling
Yes
Cooling Description
Central Air, Wall/Window Unit(s)
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$104,268
Operating Expense
19622

Listing courtesy of Listing Agent: Akash Saini (Akash@thecommercialbroker.com) from Listing Office: Keller Williams Realty-Studio City.

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.