6827 Radford Ave North Hollywood, CA 91605
North Hollywood NeighborhoodEstimated payment $8,828/month
Total Views
4,261
6
Beds
7
Baths
4,031
Sq Ft
$335
Price per Sq Ft
Highlights
- Laundry Room
- Bike Trail
- Dog Park
- North Hollywood Senior High School Rated A
About This Home
Back on the market, canceled at no fault to seller! Rare opportunity! Whether you choose to build the ADU's and sell for a profit or retain the property for long-term income, the potential is substantial. With 6 units occupied and 1 vacant, and 3 units completely and newly remodeled, a path to achieving a 5.6% gross rate, this investment offers immediate returns and significant upside.
Presenting a rare opportunity to acquire a well-maintained 7-unit, 2 story residential building in the heart of North Hollywood. This 4,081 sq. ft. property is situated on a 7,882 sq. ft. lot, with each unit featuring a 1-bedroom, 1-bathroom layout. The uniform floor plans offer operational efficiency and broad appeal to a diverse tenant base, ensuring ease of management.
Zoned LARD1.5, this property provides exciting development potential, making it an ideal blend of immediate cash flow and long-term growth prospects. Units are leased with dependable tenants, providing steady cash flow and peace of mind. Plans have been submitted to add two Additional Dwelling Units (ADUs) at the rear, presenting a compelling value-add opportunity.
Listing Agent
Keller Williams Luxury Brokerage Phone: 424-653-0560 License #02100807 Listed on: 02/23/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1951
Lot Details
- 7,941 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Apartment
Interior Spaces
- 4,031 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Listing and Financial Details
- Tax Lot FR20
- Assessor Parcel Number 2321022022
Community Details
Overview
- 7 Units
Recreation
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $4,000
- Gardener Expense $1,200
- Insurance Expense $2,500
- Trash Expense $3,400
- Water Sewer Expense $1,000
- Operating Expense $9,600
- Gross Income $90,000
- Net Operating Income $87,240
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/19/2025 06/19/25 | Price Changed | $1,350,000 | -9.1% | $335 / Sq Ft |
| 04/05/2025 04/05/25 | Price Changed | $1,485,000 | -0.3% | $368 / Sq Ft |
| 03/28/2025 03/28/25 | For Sale | $1,489,000 | 0.0% | $369 / Sq Ft |
| 03/23/2025 03/23/25 | Pending | -- | -- | -- |
| 03/14/2025 03/14/25 | Price Changed | $1,489,000 | -0.7% | $369 / Sq Ft |
| 03/03/2025 03/03/25 | Price Changed | $1,499,000 | -6.3% | $372 / Sq Ft |
| 02/23/2025 02/23/25 | For Sale | $1,599,000 | -- | $397 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25040091
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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