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ZIP CODE 91601

14 Beds 14 Baths ACTIVE Status
5060 Bakman Avenue is a rare 14-unit multifamily property spanning 6,900 SF, located in the vibrant heart of North Hollywood. The unit mix comprises (14) 1 Bed + 1 Bath units, with 3 units delivered vacant, providing potential for immediate occupancy or strategic repositioning. Located on an 11,250 SF lot and Zoned LAR4 within a TOC zone, paves the way for potential development opportunities. For added convenience, the property also features 14 assigned parking spaces on a large, paved parking lot, and an on-site laundry room.The property provides the opportunity to reposition and upgrade the apartment building to capture premium market rents. Once stabilized, investors can anticipate an 8%+ Cap Rate and a 13.8 +/- GRM. With the potential to scale operations and optimize expenses, there's a tangible opportunity to achieve an even higher rate of return. This makes 5060 Bakman Avenue a valuable addition to any savvy investor's portfolio, especially in the highly coveted NOHO district, which consistently witnesses rental growth and attracts a steady influx of new residents each year.Residents are drawn to this North Hollywood enclave for its trendy dining spots, as well as its eclectic shopping destinations and abundant local employment opportunities. The property's location ensures residents have unparalleled access to parking and public transportation, facilitating seamless commutes to prominent areas like Studio City, Valley Village, Toluca Lake, Hollywood, Universal City, DTLA, and Sherman Oaks.

5060 Bakman Ave, North Hollywood

Courtesy of , David Weinberger - CA DRE#

4 Beds 2 Baths ACTIVE Status
Introducing an exceptionally charming 3-bedroom, 2-bathroom plus studio home nestled in the coveted Toluca Woods neighborhood. Inside the main residence, you'll discover an array of upgrades and divine original character features. The living room hosts an inviting fireplace and large windows overlooking front yard greenery. Hardwood floors are found throughout this perfect single level floor plan. Newer electrical wiring ensures your peace of mind, while recessed lighting has been added for an updated touch. Custom built closets are found in each room providing ample storage. This detached studio has been built as a professionally engineered recording studio with top-notch acoustic treatments including double-paned glass and double-insulated walls, making it a haven for musicians and creatives. Entertainment options abound in this property, with an outdoor movie projector and screen ready for memorable movie nights under the stars. The large lot is beautifully illuminated with landscape lighting, showcasing lemon, pomegranate, clementine trees, and passion fruit vines. Other updates include; HVAC ducting system in the main house has been replaced for enhanced efficiency, a brand-new Gree mini-splitter AC unit was recently added to the studio, and a new water heater has been installed. Located in highly sought-after Toluca Woods, this home falls within the well ranked Toluca Lake Elementary School district. This residence seamlessly combines modern comfort, entertainment possibilities, and a dedicated recording space, making it an absolute must-see for those seeking the California creative lifestyle.

4912 Cartwright Ave, North Hollywood

Courtesy of , Bailey Cunning - CA DRE#

2 Beds 3 Baths ACTIVE Status
Stunning tri-level North Hollywood townhome in a highly desirable 12-unit newer building from 2009. This sun-drenched, freshly painted beauty with 9-foot ceilings boasts new wide-plank, white oak engineered hardwood floors and has been lovingly updated with new fixtures and hardware throughout. Enter into the spacious open-concept first floor level complete with living room and cozy fireplace, designated dining area, well-appointed kitchen with granite counters, gorgeous cabinetry, and stainless steel appliances, and powder room with custom storage. Upstairs you'll find two spacious bedrooms, each with its own large en suite bathroom, and skylights to add even more natural light. The third level is just the right size for your work-from-home space, and you'll also discover the separate laundry room with side-by-side Kenmore washer and dryer and ample storage, as well as access to your own private rooftop deck. Relax with a cup of tea and enjoy the sunset, mountain, and city views from your beautiful rooftop oasis. The exterior of this pet-friendly building was recently repainted, and the grounds and building continue to be extremely well maintained. Two assigned side-by-side subterranean parking spaces with a 220V outlet for EV charging, guest parking, space for a storage cabinet or bike rack, and low HOA dues that include water, insurance, trash, sewer, and upkeep of the community areas round out this special find. Perfectly situated between the NoHo Arts District and NoHo West, a stone's throw to theaters, live entertainment, great spots like Granville, Fat Dog, Republic of Pie, The Federal Bar, and the wide range of dining and shopping options NoHo has to offer. Close to the studios, Metro Red Line, and the 101, 134, and 170 freeways.

5625 Farmdale Ave Unit 3, North Hollywood

Courtesy of , Jennifer Eckert - CA DRE#

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