$1,200,000
- Beds
- Unknown
- sq ft
- 5,014
5640 Bakman Ave, North Hollywood, CA 91601
5640 Bakman Ave
North Hollywood, CA 91601
- 93 days on market
- Price drop $250,000↓
5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District.
The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. This covenant limits how much you can charge for market rent once a unit becomes vacant.
***Property must be sold with 5653 Bakman Ave in North Hollywood***
Details
Property type
Apartment
Lot size
6,754 sq ft
Price per sq ft
$240
Year built
1953
Price History
06/12/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SR24064369
Price change
$1,200,000
-17.24%
04/01/2024
![CRMLS](/_next/static/media/crmlsLogo.7699ca4d.png)
CRMLS #SR24064369
Listed
$1,450,000
Schools & Community
Neighborhood:
North Hollywood
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Community features: Street Lights, Suburban
Community features:
Street Lights, Suburban
Status: Active
Tomo last checked: 07/03/2024 at 7:40 AM
Listing updated: 06/12/2024 at 12:23 PM
Listed by: James Antonucci, Keller Williams Realty-Studio City Phone #: (818) 432-1500
MLS: CRMLS #SR24064369
![CRMLS logo](/_next/static/media/crmlsLogo.7699ca4d.png)
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