6625 Beck Avenue, North Hollywood, CA 91606
Fourplex · 2 recorded sales since 2018
Sold July 2020
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: George Ouzounian · The Agency · MLS #BB20089272 · Source: CRMLS
About this fourplex
***Two units (3 & 4 bedroom) already pre-leased at market rent, prior to CofO even coming in!!!*** 6625 Beck Ave is a sleek, beautifully designed new construction fourplex that is made up of two standalone 3-story “townhome style” duplexes with 8 garage parking spaces! This easy to manage fourplex will provide investors an unbeatable projected cap rate of 5.68%. In addition to the high return, buyers will enjoy other notable perks including: opportunity zone location (potential major tax benefits– consult with a CPA!), a 1 year builder’s warranty, brand new EVERYTHING, little to no maintenance, NO RENT CONTROL, separate meters for gas, water & electric, and extreme desirability amongst renters. Not to mention, 6625 Beck is located 4 minutes from NoHo West, an enormous mixed-use development project currently being constructed nearby that is poised to take North Hollywood to a whole new level. The property is made up of two 4 bedroom, 3 bathroom units (one already leased at market rent of $3,695!) and two 3 bedroom, 3 bathroom units (one already leased at market rent of $3,195!). We expect the other units to be rented any day now! The property can be delivered fully leased! The units will feature: laundry hookups in each unit, high quality finishes, custom unique tilework, upscale modern kitchens, stunning bathrooms, and extremely spacious floor plans!
Listing description from the July 2020 sale, as reported to CRMLS.
Sale history
