$3,295,000
NEW CONSTRUCTION

Estimated payment $18,721/month

Total Views 7,482
18 Beds
17 Baths
7,947 Sq Ft
$415 Price per Sq Ft

Highlights

  • New Construction
  • Tankless Water Heater
  • Central Heating and Cooling System
  • Solar Power System
  • Attached Carport
  • 4-minute walk to Whitnall Off-Leash Dog Park

About This Home

Fully Occupied! Presenting, 5709 Auckland Ave., an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.7% 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!

Listing Agent

Michael Fitzgerald

Power Brokers License #02016898 Listed on: 11/20/2024

Co-Listing Agent

Isaac Davidi

The Davidi Company License #01819489

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,635

Year Built

  • Built in 2024 | New Construction

Home Design

  • Split Level Home

Interior Spaces

  • 7,947 Sq Ft Home
  • 3-Story Property
  • Laminate Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 17 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Attached Carport

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater

Additional Features

  • Solar Power System
  • 6,216 Sq Ft Lot

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 2415-025-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,635

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split, One
  • Street Number Display: Yes
  • Alley: Yes
  • Living Area: 7947
  • Lot Acreage: 0.1427
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2024
  • Number Of Photos: 75
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate
  • Bedrooms: 18
  • Laundry: In Unit
  • Total Bathrooms: 17.00
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
  • Price Per S Q F T: 414.62

Exterior Features

  • Other Structures: None
  • Paved: Yes

Garage/Parking

  • Parking Garage: Carport, Carport Attached
  • Total Parking: 8

Utilities

  • Water Heater: Tankless
  • Cooling: Central
  • Heating: Central
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 8.00
  • Assessed Improvement Value: 61200
  • Assessed Land Percent: 92
  • Assessed Land Value: 703800
  • Total Assessed Value: 765000
  • Assessor Parcel Number: 2415-025-021
  • Lot Size Area: 6216

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 13.55
  • Number Of Units: 5
  • Total Annual Expense: 59200.25
  • Type Of Units: Townhomes
  • Vacancy Rate: 0%

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,635 $795,905 $732,233 $63,672
2024 $9,635 $780,300 $717,876 $62,424
2023 $9,449 $765,000 $703,800 $61,200
2022 $4,973 $403,679 $316,320 $87,359
2021 $4,910 $395,765 $310,118 $85,647
2020 $4,957 $391,708 $306,939 $84,769
2019 $4,765 $384,028 $300,921 $83,107
2018 $780 $55,108 $31,864 $23,244
2016 $731 $52,971 $30,628 $22,343
2015 $721 $52,176 $30,168 $22,008
2014 $732 $51,155 $29,578 $21,577
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 For Sale $3,295,000 +339.3% $415 / Sq Ft
02/10/2022 02/10/22 Sold $750,000 +15.4% $614 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/19/2022 01/19/22 For Sale $650,000 -- $532 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $750,000 Chicago Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,900,000 New Conventional
Source: Public Records

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Source: The MLS

MLS Number: 24-463773

The MLS

APN: 2415-025-021