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$3,189,000

Beds
Unknown
sq ft
8,057

6926 Morella Ave, North Hollywood, CA 91605

6926 Morella Ave

North Hollywood, CA 91605

  • 86 days on market
THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market at a true 6.47 cap rate. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.

Details

Property type

Apartment

Est. home value

$1,246,786

Property condition

New Construction

Lot size

7,904 sq ft

Price per sq ft

$396

Year built

2021

Price History

04/08/2024
CRMLS

CRMLS #MB24069695

Listed
$3,189,000

Schools & Community

Neighborhood: 

North Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Street Lights, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Rflf 7 Llc

Loan start date

December 2021

Original loan amount

$1,716,000

Est. remaining balance

Not provided

Interest rate

3.14%

Loan type

Commercial, 30 year

Seller

Gi Property 43 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/03/2024 at 7:15 AM

Listing updated: 04/09/2024 at 1:00 PM

Listed by: XIO SANDOVAL, CENTURY 21 REALTY MASTERS Phone #: (323) 722-7300

MLS: CRMLS #MB24069695

CRMLS logo

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