5709 Auckland Avenue
North Hollywood, CA 91601
Active for $3,295,000
Beds: 18 Baths: 17 Structure Size: 7,947 sqft Lot Size: 6,216 sqft
| MLS | 24463773 |
| Year Built | 2024 |
| Property Type | |
| County | Los Angeles |
| Status | Active |
| Active | $3,295,000 |
| Structure Size | 7,947 sqft |
| Lot Size | 6,216 sqft |
| Beds | 18 |
| Baths | 17 |
Description
5709 Auckland Ave! Presenting an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.66% 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 information courtesy of: Michael Fitzgerald, Power Brokers 310-793-6136. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Albert and Roubina
REALTOR®
Direct: 818.535.3485
Email: Email Me
DRE: 01012033 & 01235023
DRE #01873088
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