Active

5709 Auckland Ave

North Hollywood CA, 91601

$3,295,000


$414.62 per sqft

Active

18 Beds

17 Baths

7,947 sqft

Multi-family

Built in 2024

5709 Auckland Ave! Presenting an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.66% pro-forma cap rate, offering investors solid returns in a sought-after location. Offering 5 generously sized units for a total of 18 bedrooms and 17 bathrooms throughout. All 5 units feature large bedrooms and living spaces, open floor plans, and massive windows that flood the space with natural light. Every unit is equipped with custom-designed kitchens, offering a luxurious and modern living experience. The photos speak for themselves! The property includes 8 dedicated parking spaces, all carports, ensuring convenient parking for tenants, an essential feature in the bustling North Hollywood area. Location is a major highlight: just minutes away from the NoHo Arts District, offering tenants easy access to a vibrant neighborhood full of theaters, art galleries, trendy restaurants, and cafes. The property is adjacent to the City of Burbank, giving close access to all Burbank as to offer. It's also near major studios like Universal and Warner Bros., making it attractive to entertainment industry professionals. Additionally, the property is conveniently located close to the Metro Red Line, providing easy access to Downtown LA and surrounding areas. With its spacious units, modern amenities, and prime location, this property is positioned for long-term growth and steady rental demand in one of LA's hottest markets. Don't miss out on this rare opportunity to invest in a high-performing asset in the heart of North Hollywood!

24-463773

MLS ID

November 20, 2024

Listed

November 28, 2024

Updated

Map

5709 Auckland Ave
North Hollywood CA, 91601

Interior Features

Total Stories

3


Bedrooms

18


Total Bathrooms

17


Appliances

Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer


Laundry Description

In Unit


Floor Description

Laminate


Fireplace

No


Fireplace Description

None


Cooling

Yes


Cooling Description

Central


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.14 Acres

Other Property Details

Area Name

North Hollywood


Days on Market

8


Garage

No


Parking

Carport, Carport Attached


Parking Total

8


View

No


County

Los Angeles


Water Source

Public


Pool

No


Zoning

LAC2

Listed by Michael Fitzgerald with Power Brokers
Listing Contact: 310-793-6136 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/28/2024

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