6742 Lemp Avenue, North Hollywood, CA 91606
Property
For rent now
6742 Lemp Avenue is on the market at $2,495/mo (2 bd · 1 ba · 850 sqft). See the current listing →
Sold April 2022
Listing Agent: Pablo Pomes (DRE #01018038) · Listing Office: Provenio Realty and Investment · Contact: 626-303-7936 · Bought with: Mike Vachani · Provenio Realty and Investment · MLS #AR22014273 · Source: CRMLS
How this sale compares
6742 Lemp Avenue sold for $1,500,000 in April 2022, 6.2% under its $1,599,888 list price, after 17 days on the market. Across 79 closed sales in 91606 over the last 12 months, the median sold price is $835,000 and the median is $571 per square foot.
| Quarter | Closed sales in 91606 | Median sold price |
|---|---|---|
| Q1 2026 | 10 | $905,000 |
| Q2 2026 | 41 | $825,000 |
| Q3 2026 | 28 | $850,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in North Hollywood · Homes for sale in 91606
About this property
Amazing 5 unit investment property in North Hollywood, CA. Building is approximately 5,103 sq ft. The Seller has APPROVED PERMITS WITH the CITY to construct an ADU which would provide additional rental income and increase the ROI. Proforma rents are $13,100 per month allowing the landlord to collect over $157,200 a year in Annual Gross Income. All tenants are long term and are on a month to month lease. This is a stable investment that would allow Landlord to hedge inflation with a large upside in rents. Once rents are stabilized you will have a 7.7% Cap. This great investment has a unit mix of (2) 3Bed/2B and (3) 2Bed/1B. This property has updated windows that were installed 1 year ago. On site coin laundry. The 3 units upstairs have newer AC units that were installed 2 years ago. The building sits on a large 6,754 sq ft lot conveniently located near the NoHo Arts District complete with shops, restaurants, movie theaters and cafes. It is also just minutes from the world famous Universal Studios Hollywood. Bring your best offers, this will sell FAST!
Listing description from the April 2022 sale, as reported to CRMLS.
Sale history
Recent sales near 6742 Lemp Avenue
- 6732 Irvine Avenue — Sold $2,200,000 · 14 bd · 10 ba · 5,783 sqft · Jul 2026 · 0.1 mi
- 6640 Farmdale Avenue — Sold $825,000 · 3 bd · 2 ba · 1,318 sqft · Jul 2026 · 0.2 mi
- 11725 Lemay Street 6 — Sold $475,000 · 2 bd · 2 ba · 1,045 sqft · Jun 2026 · 0.3 mi
- 6457 Camellia Avenue — Sold $880,000 · 3 bd · 1 ba · 1,147 sqft · Jul 2026 · 0.4 mi
- 6429 Camellia Avenue — Sold $1,125,000 · 3 bd · 3 ba · 1,813 sqft · Jul 2026 · 0.4 mi
- 6449 Radford Avenue — Sold $1,250,000 · 4 bd · 5 ba · 2,406 sqft · Jun 2026 · 0.6 mi
- 11324 Victory Boulevard — Sold $850,000 · 3 bd · 4 ba · 1,791 sqft · Aug 2026 · 0.6 mi
- 6421 Radford — Sold $720,000 · 3 bd · 2 ba · 1,014 sqft · Sep 2026 · 0.6 mi
MLS-reported closed sales in 91606, nearest first (last 12 months). All recent sales in North Hollywood →
Questions about 6742 Lemp Avenue
When did 6742 Lemp Avenue last sell?
6742 Lemp Avenue last sold in April 2022 for $1,500,000, according to CRMLS-reported closed sales.
What did 6742 Lemp Avenue sell for?
$1,500,000, 6.2% below the $1,599,888 list price, after 17 days on the market.
How does that compare to other North Hollywood sales?
79 homes closed in ZIP 91606 over the last 12 months at a median of $835,000 ($571 per square foot).
Is 6742 Lemp Avenue for sale now?
Yes — 6742 Lemp Avenue is currently on the market at $2,495/mo. Open the current listing on Nalren for photos, details and the listing agent.