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ZIP CODE 91601

$10,500,000
48 Beds 42 Baths 24374421 MLS
We are proud to present "The Burbank", a 21-unit condominium property located at 11616 Burbank Blvd in North Hollywood, CA. This listing is part of a 3 property portfolio with 57 total condos, all in the South Valley, and all built by the seller in 2018.Built in 2018 to condo specifications, this property is 100% free of all rent control. The 30,817 sqft building sits on a 0.42 acre lot, and it boasts an excellent unit mix (15) 2 Bed / 2 Bath condos and (6) 3 Bed / 2 Bath condos. All of these modern condos are very large, with the average 2-Bed at 1,387sf and the average 3-Bed at 1,575sf. Of the 21 condos, 19 are market-rate and 2 are low-income restricted (both low-income restricted condos are 2 Bed).The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors has 7 condos with a stacked design. The condos are fully equipped with a high-end gourmet kitchen, stainless steel appliances and kitchen islands. Also included in each unit is a washer and dryer, balcony and exceptionally large space cabinetry and closets. The building is equipped with 8kwp solar panels and 9 EV chargers.Currently, this condo building is being operated as apartment rentals, and the building is 100% occupied with all tenants paying rent. The 21 condos bring in a combined $65,000 of rent per month, or $782,000 per year. A recent rent survey suggests full market-rent potential at $77,500 per month, or $930,000 per year, presenting an investor with approximately 19% upside potential. The property is individually metered for gas and electric and sub-metered for water. The tenants are responsible for their own water bill which they pay to the landlord through a utility billback system. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley show that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $357 per sqft (below today's replacement cost), there's immense profit potential for an investor who's willing to put in the time to sell these condos individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Burbank is a short distance to the heart of NOHO Arts District where there's a number of restaurants, shopping, cafes, gastropubs, and nightlife. The property has easy access to the 170/101 freeways, allowing for easy commuting to anywhere throughout Los Angeles and beyond. Its proximity to Burbank, Studio City, and Hollywood positions it as an ideal home for those seeking access to the best the area has to offer.

11616 Burbank Boulevard, North Hollywood

Listing courtesy of Listing Agent: Filip Niculete (info@laaa.com) from Listing Office: Marcus & Millichap.

$10,500,000
48 Beds 42 Baths 24-374421 MLS
We are proud to present "The Burbank", a 21-unit condominium property located at 11616 Burbank Blvd in North Hollywood, CA. This listing is part of a 3 property portfolio with 57 total condos, all in the South Valley, and all built by the seller in 2018.Built in 2018 to condo specifications, this property is 100% free of all rent control. The 30,817 sqft building sits on a 0.42 acre lot, and it boasts an excellent unit mix (15) 2 Bed / 2 Bath condos and (6) 3 Bed / 2 Bath condos. All of these modern condos are very large, with the average 2-Bed at 1,387sf and the average 3-Bed at 1,575sf. Of the 21 condos, 19 are market-rate and 2 are low-income restricted (both low-income restricted condos are 2 Bed).The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors has 7 condos with a stacked design. The condos are fully equipped with a high-end gourmet kitchen, stainless steel appliances and kitchen islands. Also included in each unit is a washer and dryer, balcony and exceptionally large space cabinetry and closets. The building is equipped with 8kwp solar panels and 9 EV chargers.Currently, this condo building is being operated as apartment rentals, and the building is 100% occupied with all tenants paying rent. The 21 condos bring in a combined $65,000 of rent per month, or $782,000 per year. A recent rent survey suggests full market-rent potential at $77,500 per month, or $930,000 per year, presenting an investor with approximately 19% upside potential. The property is individually metered for gas and electric and sub-metered for water. The tenants are responsible for their own water bill which they pay to the landlord through a utility billback system. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley show that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $357 per sqft (below today's replacement cost), there's immense profit potential for an investor who's willing to put in the time to sell these condos individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Burbank is a short distance to the heart of NOHO Arts District where there's a number of restaurants, shopping, cafes, gastropubs, and nightlife. The property has easy access to the 170/101 freeways, allowing for easy commuting to anywhere throughout Los Angeles and beyond. Its proximity to Burbank, Studio City, and Hollywood positions it as an ideal home for those seeking access to the best the area has to offer.

11616 Burbank Blvd, North Hollywood

Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352

$8,750,000
45 Beds 30 Baths 24374371 MLS
We are proud to present "The Fair", a 15-unit condominium property located at 5630 Fair Ave in North Hollywood, CA. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,381 sqft building sits on a 0.39 acre lot, and it boasts an excellent unit mix of all 3 bed / 2 bath condos. The 15 condos are split into 5 different floor plans ranging from 1,460 sqft to 1,574 sqft, with the average of 1,502 sqft. Of the 15 units, 13 are market-rate and 2 are low-income restricted.The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors have 5 condos with a stacked design. These well designed condos feature new stainless steel appliances, an in-unit washer/dryer, an open-plan kitchen and dining area, a large living room with wood-inspired vinyl floors, and a balcony. Central air conditioning, modern finishes, and a host of amenities including an elevator, covered parking, video surveillance, and more, ensure a safe and comfortable living environment for the tenants. The property has 8 KWP solar panels and EV Chargers, both of which provide additional income. Currently, these condos are being operated as apartment rents and bringing in a combined $48,000 in monthly rent. If the investor was able to maximize rents on all 15 condos, we estimate upwards of $60,000 gross potential income, or about 27% upside in rents. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley shows that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $308 per sqft (below today's replacement cost), there is immense profit potential for an investor who's willing to put in the time to sell these off individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Fair is located within a short distance to GroundWorks Coffee, North Hollywood Park, numerous grocery stores, bars, and a wide selection of restaurants. Its proximity to Burbank, Studio City, and Hollywood positions it as an ideal home for those seeking access to the best the area has to offer.

5630 Fair Avenue, North Hollywood

Listing courtesy of Listing Agent: Filip Niculete (info@laaa.com) from Listing Office: Marcus & Millichap.

$8,750,000
45 Beds 30 Baths 24-374371 MLS
We are proud to present "The Fair", a 15-unit condominium property located at 5630 Fair Ave in North Hollywood, CA. Built in 2018 to condo specifications, this property is 100% free of all rent control. The 28,381 sqft building sits on a 0.39 acre lot, and it boasts an excellent unit mix of all 3 bed / 2 bath condos. The 15 condos are split into 5 different floor plans ranging from 1,460 sqft to 1,574 sqft, with the average of 1,502 sqft. Of the 15 units, 13 are market-rate and 2 are low-income restricted.The property has gated parking on the ground floor with three levels of residential above. Each of the three residential floors have 5 condos with a stacked design. These well designed condos feature new stainless steel appliances, an in-unit washer/dryer, an open-plan kitchen and dining area, a large living room with wood-inspired vinyl floors, and a balcony. Central air conditioning, modern finishes, and a host of amenities including an elevator, covered parking, video surveillance, and more, ensure a safe and comfortable living environment for the tenants. The property has 8 KWP solar panels and EV Chargers, both of which provide additional income. Currently, these condos are being operated as apartment rents and bringing in a combined $48,000 in monthly rent. If the investor was able to maximize rents on all 15 condos, we estimate upwards of $60,000 gross potential income, or about 27% upside in rents. These condos offer an excellent exit strategy to sell them off individually. A survey of recently sold condos in the South Valley shows that newer construction 2 and 3 bedroom condos are selling for an average of $655 per sqft. With the building currently priced at just $308 per sqft (below today's replacement cost), there is immense profit potential for an investor who's willing to put in the time to sell these off individually. Importantly, selling these individually would allow the buyer to avoid expensive ULA transfer taxes on the exit. The Fair is located within a short distance to GroundWorks Coffee, North Hollywood Park, numerous grocery stores, bars, and a wide selection of restaurants. Its proximity to Burbank, Studio City, and Hollywood positions it as an ideal home for those seeking access to the best the area has to offer.

5630 Fair Ave, North Hollywood

Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352

$8,250,000
1 Beds 40 Baths 24383033 MLS
We are proud to present 5020 Tujunga Avenue - a value add real estate opportunity located in North Hollywood, CA. The 40 unit building is comprised of 15- Bachelors 24- Studios complimented by 1- 1 bedroom unit. Constructed in 1965, the property spans 17,690 gross square feet, and is set on a 0.51-acre lot. The property has ample parking spots for tenants with easy access through an alley that leads behind the property. To enhance the quality of living for residents, the property features a smoke-free environment, security systems, intercom, storage spaces, laundry facilities, pool, maintenance & manager on-site, walk-in closets and balconies.One of this property's significant attractions is the great value-add potential. Current rents at the property are approximately 35% below the market rate, presenting a significant opportunity for the buyer. Assuming the buyer can turn over all units and achieve market rents throughout, we estimate that the units could bring in about $77,000 in gross rental income each month, or about $927,000 per year, increasing the buyer's CAP rate to 8.05%!The location of 5020 Tujunga Ave in North Hollywood is particularly noteworthy. Nestled in a vibrant and evolving area, this property benefits from its proximity to key commercial and entertainment hubs, including the NoHo Arts District, renowned for its lively arts scene, theaters, cafes, and eclectic dining options. Tenants have ease of access to North Hollywood & Valley Village Park as well as the North Hollywood Recreation Center directly across the street. Additionally, the property is well connected through public transportation networks and major roadways, enhancing accessibility and convenience for residents. The proximity to various film studios and creative industries in North Hollywood also makes this location desirable for professionals working within these sectors, potentially increasing demand for rental units.

5020 Tujunga Avenue, North Hollywood

Listing courtesy of Listing Agent: Filip Niculete (info@laaa.com) from Listing Office: Marcus & Millichap.

$8,250,000
1 Beds 40 Baths 24-383033 MLS
We are proud to present 5020 Tujunga Avenue - a value add real estate opportunity located in North Hollywood, CA. The 40 unit building is comprised of 15- Bachelors 24- Studios complimented by 1- 1 bedroom unit. Constructed in 1965, the property spans 17,690 gross square feet, and is set on a 0.51-acre lot. The property has ample parking spots for tenants with easy access through an alley that leads behind the property. To enhance the quality of living for residents, the property features a smoke-free environment, security systems, intercom, storage spaces, laundry facilities, pool, maintenance & manager on-site, walk-in closets and balconies.One of this property's significant attractions is the great value-add potential. Current rents at the property are approximately 35% below the market rate, presenting a significant opportunity for the buyer. Assuming the buyer can turn over all units and achieve market rents throughout, we estimate that the units could bring in about $77,000 in gross rental income each month, or about $927,000 per year, increasing the buyer's CAP rate to 8.05%!The location of 5020 Tujunga Ave in North Hollywood is particularly noteworthy. Nestled in a vibrant and evolving area, this property benefits from its proximity to key commercial and entertainment hubs, including the NoHo Arts District, renowned for its lively arts scene, theaters, cafes, and eclectic dining options. Tenants have ease of access to North Hollywood & Valley Village Park as well as the North Hollywood Recreation Center directly across the street. Additionally, the property is well connected through public transportation networks and major roadways, enhancing accessibility and convenience for residents. The proximity to various film studios and creative industries in North Hollywood also makes this location desirable for professionals working within these sectors, potentially increasing demand for rental units.

5020 Tujunga Ave, North Hollywood

Courtesy of Marcus & Millichap, Filip Niculete - CA DRE#01905352

$4,600,000
23 Beds 21 Baths 23340791 MLS
We are pleased to present 5611 Fulcher Avenue, a 21-unit multifamily investment opportunity in prime North Hollywood Arts District. This rare investment opportunity is a well-maintained high cash flow asset with strong upside potential located in one of LA's strongest rental markets. The building is comprised of 21 units with a mix of (3) Studios, (16) 1 Bed, 1 Bath, and (2) 2 Bed, 1 Bath units. Two of the studios are brand new ADUs included and leased up. Several of the units have been renovated in the past 5 years with hardwood floors, new cabinetry, updated bathrooms, stainless steel appliances. Several of the units have RUBS implemented (up to $975 billed back per month with current leases). 5611 Fulcher Avenue is ideally located in the high demand submarket of North Hollywood, which boasts a high-end young adult demographic, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located nearby NoHo Arts District and the Metro Red Line Station, and conveniently positioned in the center of a broad range of employment and retail options, 5611 Fulcher Avenue is surrounded by affluent high-end neighborhoods, boutique bars / restaurants, and numerous high profile office towers and mixed use developments.

5611 Fulcher Avenue, North Hollywood

Listing courtesy of Listing Agent: Brandon Evans (bevans@rosanocapitalpartners.com) from Listing Office: Rosano Partners.

$4,600,000
23 Beds 21 Baths 23-340791 MLS
We are pleased to present 5611 Fulcher Avenue, a 21-unit multifamily investment opportunity in prime North Hollywood Arts District. This rare investment opportunity is a well-maintained high cash flow asset with strong upside potential located in one of LA's strongest rental markets. The building is comprised of 21 units with a mix of (3) Studios, (16) 1 Bed, 1 Bath, and (2) 2 Bed, 1 Bath units. Two of the studios are brand new ADUs included and leased up. Several of the units have been renovated in the past 5 years with hardwood floors, new cabinetry, updated bathrooms, stainless steel appliances. Several of the units have RUBS implemented (up to $975 billed back per month with current leases). 5611 Fulcher Avenue is ideally located in the high demand submarket of North Hollywood, which boasts a high-end young adult demographic, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/developer landlord favored market conditions with significant growth potential. Centrally located nearby NoHo Arts District and the Metro Red Line Station, and conveniently positioned in the center of a broad range of employment and retail options, 5611 Fulcher Avenue is surrounded by affluent high-end neighborhoods, boutique bars / restaurants, and numerous high profile office towers and mixed use developments.

5611 Fulcher Ave, North Hollywood

Courtesy of Rosano Partners, Brandon Evans - CA DRE#02058494

$2,561,300
4 Beds 5 Baths SR24081878 MLS
Step into luxury as you explore this exquisite newly built residence nestled in the desirable Valley Village neighborhood. Featuring four bedrooms and four and a half bathrooms, this custom-built home showcases exceptional craftsmanship at every angle. Upon entry, be welcomed by a majestic foyer boasting a soaring 14 ft ceiling, seamlessly leading into a spacious open living area adorned with 11 ft ceilings throughout. Revel in the elegance of gleaming wood floors, recessed lighting, and a stunning quartz fireplace, infusing the space with a warm and inviting ambiance. The gourmet kitchen is a culinary haven, featuring premium stainless steel appliances, custom self-closing cabinets and drawers, quartz stone counters and backsplash, and a central island with waterfall countertops and sink. Each bedroom offers its own ensuite bathroom, meticulously crafted with top-of-the-line fixtures and finishes, including luxurious marble walls and a rejuvenating soaking tub in the primary suite. Entertain effortlessly in the expansive dining area and living room, complemented by tasteful built-in custom cabinets. Open the pocket doors to unveil the sheltered patio, sparkling pool, rejuvenating spa, and built-in BBQ with a fridge, offering an idyllic indoor-outdoor sanctuary for gatherings. The finished 2-car attached garage offers versatility as a gym, office, or studio. Smart home amenities include monitoring cameras, ring video doorbells, dual thermostats, a motorized garage gate, and keyless entry, all conveniently controlled via smartphone. Ideally located within walking distance to the esteemed Colfax Charter Elementary School and in close proximity to shops, restaurants, and freeway access, this residence epitomizes luxury living at its finest.

11659 La Maida Street, Valley Village

Listing courtesy of Listing Agent: Shira Dunn (shirajerby@gmail.com) from Listing Office: Keller Williams Coastal Properties.

$2,500,000
4 Beds 4 Baths 24377741 MLS
Introducing North Hollywood's latest gem, a stunning modern home situated just moments away from the bustling studios, the NoHo Arts District, and the brand-new NoHo West shopping center. With its contemporary design and abundance of modern amenities, this newly developed home is a true statement-maker. As you step inside, you'll immediately notice the airy open floor plan with high ceilings and a plethora of smart home features. The main living space is expansive and boasts impressive 15ft vaulted ceilings that create a grand ambiance. The designer chef's kitchen is a masterpiece, featuring high-end Bertazzoni appliances, a massive center island with a butcher block slab, and built-in features like an integrated pet bowl, paper towel holder, and a drawer microwave. The family room is the perfect spot to relax and unwind, with a beautiful fireplace and pocketing glass doors that create a seamless indoor/outdoor living experience. Step outside, and you'll find a heated pool and spa, as well as a covered outdoor kitchen complete with a BBQ, sink, and mini-fridge. The luxurious primary suite is a true sanctuary, featuring cathedral ceilings, a spacious walk-in closet, and a sumptuous bathroom with a lavish soaking tub. There are also two additional ensuite bedrooms with walk-in closets, a fourth bedroom/office, a custom wine rack, LED-lit mirrors in every bathroom, and a laundry room. The home also boasts a dog run, a two-car garage, and a built-in home speaker system. This exceptional modern home in North Hollywood is an absolute must-see, offering unparalleled luxury and convenience in a prime location.

5715 Troost Avenue, North Hollywood

Listing courtesy of Listing Agent: Rick Tyberg (rick.tyberg@elliman.com) from Listing Office: Douglas Elliman.

$2,500,000
4 Beds 4 Baths 24-377741 MLS
Introducing North Hollywood's latest gem, a stunning modern home situated just moments away from the bustling studios, the NoHo Arts District, and the brand-new NoHo West shopping center. With its contemporary design and abundance of modern amenities, this newly developed home is a true statement-maker. As you step inside, you'll immediately notice the airy open floor plan with high ceilings and a plethora of smart home features. The main living space is expansive and boasts impressive 15ft vaulted ceilings that create a grand ambiance. The designer chef's kitchen is a masterpiece, featuring high-end Bertazzoni appliances, a massive center island with a butcher block slab, and built-in features like an integrated pet bowl, paper towel holder, and a drawer microwave. The family room is the perfect spot to relax and unwind, with a beautiful fireplace and pocketing glass doors that create a seamless indoor/outdoor living experience. Step outside, and you'll find a heated pool and spa, as well as a covered outdoor kitchen complete with a BBQ, sink, and mini-fridge. The luxurious primary suite is a true sanctuary, featuring cathedral ceilings, a spacious walk-in closet, and a sumptuous bathroom with a lavish soaking tub. There are also two additional ensuite bedrooms with walk-in closets, a fourth bedroom/office, a custom wine rack, LED-lit mirrors in every bathroom, and a laundry room. The home also boasts a dog run, a two-car garage, and a built-in home speaker system. This exceptional modern home in North Hollywood is an absolute must-see, offering unparalleled luxury and convenience in a prime location.

5715 Troost Ave, North Hollywood

Courtesy of Douglas Elliman, Rick Tyberg - CA DRE#02076436

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Information Deemed Reliable But Not Guaranteed. © 2024 CARETS ®

Based on information from CRISNet MLS as of 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.