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Radford Apartments 6836 Radford Ave

16 Unit Apartment Building $3,225,000 ($201,563/Unit) 5.07% Cap Rate North Hollywood, CA 91605

Apartment Buildings California North Hollywood 6836 Radford Ave, North Hollywood, CA 91605

Investment Highlights

  • $204,562/unit with One, Two & Three Bedroom Units
  • Opportunity to increase NOI by effective management
  • Approx. 30% Rental Upside

Executive Summary

Just reduced $50,000! Motivated Seller. This 16-unit apartment building in North Hollywood comprises a unit mix of 1, 2, and 3-bedroom units with an average size of 778 square feet. Built in 1964, this property is separately metered for gas and electricity. Amenities include a secured entrance, secured tuck-under parking and a laundry room. Located in close proximity to the Metro, the 170 freeway, and Bob Hope Airport, the property is conveniently located to public transportation . There is approximately 30% rental upside, offering a great opportunity to buy a value-add building from a long-term owner.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $299,880 $24.07
Other Income $2,520 $0.20
Vacancy Loss $8,996 $0.72
Effective Gross Income $293,404 $23.55
Taxes $43,750 $3.51
Operating Expenses $96,117 $7.71
Total Expenses $139,867 $11.22
Net Operating Income $153,537 $12.32

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $299,880
Annual Per SF $24.07
Other Income
Annual $2,520
Annual Per SF $0.20
Vacancy Loss
Annual $8,996
Annual Per SF $0.72
Effective Gross Income
Annual $293,404
Annual Per SF $23.55
Taxes
Annual $43,750
Annual Per SF $3.51
Operating Expenses
Annual $96,117
Annual Per SF $7.71
Total Expenses
Annual $139,867
Annual Per SF $11.22
Net Operating Income
Annual $153,537
Annual Per SF $12.32

Property Facts In Escrow

Price $3,225,000 Apartment Style Low Rise
Price Per Unit $201,563 Building Class C
Sale Type Investment Lot Size 0.36 AC
Cap Rate 5.07% Building Size 12,461 SF
Gross Rent Multiplier 10.5 No. Stories 2
No. Units 16 Year Built 1964
Property Type Multifamily Parking Ratio 1.36/1,000 SF
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $3,225,000
Price Per Unit $201,563
Sale Type Investment
Cap Rate 5.07%
Gross Rent Multiplier 10.5
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.36 AC
Building Size 12,461 SF
No. Stories 2
Year Built 1964
Parking Ratio 1.36/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

  • Air Conditioning
  • Balcony
  • Storage Space

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 9 - 750
2+1 3 - 900
2+1.5 2 - 900
3+1.5 1 - 1,200
3+2.5 1 - 1,200

Links

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Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 2321-021-011 Total Assessment $1,631,635
Land Assessment $978,981 Annual Taxes $43,750 ($3.51/SF)
Improvements Assessment $652,654 Tax Year 2024

PROPERTY TAXES

Parcel Number
2321-021-011
Land Assessment
$978,981
Improvements Assessment
$652,654
Total Assessment
$1,631,635
Annual Taxes
$43,750 ($3.51/SF)
Tax Year
2024

zoning

Zoning Code RD1.5 (Restricted Density Multiple Dwelling)
RD1.5 (Restricted Density Multiple Dwelling)
(818) 309-3935

  • Listing ID: 30888001

  • Date on Market: 2/6/2024

  • Last Updated:

  • Address: 6836 Radford Ave, North Hollywood, CA 91605

More public record information on 6836 Radford Ave, North Hollywood, CA 91605

The Multifamily Property at 6836 Radford Ave, North Hollywood, CA 91605 is currently available For Sale. Contact LA Apartment Group for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

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6836 Radford Ave, North Hollywood, CA for sale Building Photo- Image 1 of 4
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Radford Apartments | 6836 Radford Ave
(818) 309-3935 x

Radford Apartments | 6836 Radford Ave

Henry Garcia

(818) 309-3935

(818) 309-3935

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