Vintage homes for sale & real estate in 91611, CA

Vintage Home for sale in 91611, CA:

Welcome to this exceptional, fully permitted 3-unit property in the heart of North Hollywood. Just steps from the Metro and the vibrant NoHo Arts District, this location offers unmatched convenience for commuters, renters, and future development. Upgraded only three years ago, the property features modern finishes and updated systems throughout. The back garage is currently being converted into a permitted studio, adding even more income potential. With R4 zoning, the possibilities are extensive whether you're looking to expand your rental portfolio or take advantage of development opportunities. Current zoning may allow for up to 12 units on the property (buyer to verify). Residents will l

Vintage Home for sale in 91611, CA:

Presenting an investment opportunity at 5950 Fulcher Avenue, situated in the heart of North Hollywood, a dynamic and rapidly growing neighborhood. This charming 13-unit apartment building, constructed in 1958, features a mix of 11 one-bedroom units and 2 studio units. The building spans 6,950 square feet and is ideally positioned on a 10,288 square foot lot. The property is zoned LARD2 and located near the vibrant NoHo Arts District, popular restaurants, trendy cafes, and shopping destinations ensures high tenant demand, contributing to long-term rental stability. Noteworthy upgrades include mostly copper plumbing and a new roof installed in 2012, providing investors with peace of m

Vintage Home for sale in 91611, CA:

Discover a rare and highly desirable investment opportunity in one of the San Fernando Valley’s most dynamic and rapidly appreciating neighborhoods. This unique corner-lot development offering spans over * * 12,000 square feet across two contiguous parcels * * and is entitled for * * five spacious residential units * * , presenting tremendous upside for builders, developers, and investors seeking long-term value in the thriving NoHo market.

Vintage Home for sale in 91611, CA:

* Financial Metrics * - 5.06% in-place Cap Rate with potential to reach 6.63% post-ADU conversion and 17.51% average annual return, 7.58% pre-tax cash flow . * Property Features * - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. * ADU Potential * - 2 ADUs are RTI, and there is potential to add a third ADU. * Location Benefits * - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. * Capital Improvements * - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. * Walk Score * - Very walkable neighborhood with a 72 Walk Score-