North Hollywood, CA 91601,5640 Bakman Avenue
North Hollywood, CA 91601,5640 Bakman Avenue
North Hollywood, CA 91601,5640 Bakman Avenue
$825,000
Est. payment /mo
$1,200,000
31.3%
Est.Price: ?

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3 Beds
2 Baths
6,754 Sqft Lot
SOLD DATE : 08/30/2024

Key Details

Sold Price $825,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR24064369

Sold Date 08/30/24

Bedrooms 3

HOA Y/N No

Lot Size 6,754 Sqft

Property Description

5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. This covenant limits how much you can charge for market rent once a unit becomes vacant. ***Property must be sold with 5653 Bakman Ave in North Hollywood***
5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. This covenant limits how much you can charge for market rent once a unit becomes vacant. ***Property must be sold with 5653 Bakman Ave in North Hollywood***

Location

State CA

County Los Angeles

Area North Hollywood (91601)

Zoning Other

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $82

Space Rent $8,052

Financing Cash

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by James Antonucci • Keller Williams Realty-Studio City
Bought with James Antonucci • Keller Williams Realty-Studio City
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+1(858) 753-3353

kobezimmerman@bhhscal.com

Serving San Diego County, United States

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