5249 SATSUMA Avenue, North Hollywood, CA 91601

About this property

Fantastic low maintenance owner/user or investor triplex in the heart of NoHo Arts District. Material restoration in 2014 including extensive interior renovations, new kitchens, new bathrooms, HVAC, roof, electric, plumbing, windows, recessed lighting, whitewashed oak floors, quartz counters, stainless steel appliances, hardscape, landscape and much more. Front individual home has open kitchen/ dining/ living area with vaulted ceilings, separate laundry/pantry, 2BR/1BA, and private deck/rear yard. Rear duplex offers lower unit with open kitchen/dining/ living room, 2BRs/1BA. Upper unit offers open kitchen/dining/living room, 1BR/1BA and private balcony/patio. Surrounded by Noho nightlife, arts, restaurants, bars, fitness centers, cultural center, Chandler Bike Path, public transportation(subway and bus lines), etc. Extremely competitive and realistic Gross Rent Multiplier(13.3) and ROI(5.7%). Two units have had significant airbnb success (not used in GRM or ROI).

Listing description from the April 2019 sale, as reported to CRMLS.

Sale history

$1,150,000

Sold April 2019 · listed $999,000, on market February 2019 · MLS #19431086 · Source: CRMLS

Listing Agent: Peter V Buonocore · Listing Office: Keller Williams Larchmont · Contact: 323-762-2600 · Bought with: Kevin Lachini · Kevin Lachini

$880,000

Sold September 2014 · listed $879,000, on market July 2014 · MLS #14778325 · Source: CRMLS

Listing Agent: Stephen Weir · Listing Office: California Coastal Real Estate · Contact: 877-325-7445 · Bought with: Peter V Buonocore · Keller Williams Larchmont

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