4827 Satsuma Avenue, North Hollywood, CA 91601
Property · 2 recorded sales since 2014
Sold January 2016
Listing Agent: Elizabeth Moran (DRE #01921425) · Listing Office: Exclusive Estate Properties I · Contact: 818-755-0002 · Bought with: Elizabeth Moran · Exclusive Estate Properties I · MLS #SR15236826 · Source: CRMLS
About this property
4827 Satsuma is a brand new construction luxury fourplex located between the trendy NoHo Arts District and the upscale Toluca Lake neighborhood. This trophy is so new that it is still a few weeks from completion. These sleek, modern 3b/3b units are constructed in a townhome style with private 2 car garages and individual walk ups. The property consists of two separate buildings, each containing two 3-story units. Each unit can be rented conservatively for $3,250, with proven potential for obtaining even higher rents of $3,500. With that in mind, the GRM amounts to 10.90 and the Cap Rate comes out to 7.48%. These are unheard of returns in all of Los Angeles. Most properties transact at a 4% cap rate or less. The developers have constructed this property with extreme attention to detail. All units have top of the line appliances, well laid out floor plans and an overall building quality you won’t find anywhere else.
Listing description from the January 2016 sale, as reported to CRMLS.
Sale history
