Property
Listing Agent: Hooman Emanuel (DRE #01200237) · Listing Office: Keller Williams Studio City · Contact: 818-432-1500 · Bought with: Ashkan Manzar · Privilege Realty · MLS #24345953 · Source: CRMLS
Value Add 17 unit building in the North Valley. Property is priced at a 5.94% current cap rate. Great unit mix of Studio, 1's, 2's and 3 bedroom units. Close proximity to public transportation, employment, and shopping. Proforma cap rate of over 8.29% and located in a dense rental area makes this an ideal value add building with no where to go but up. Property is also located in a Qualified Opportunity Zone. Make sure you check out the building video tour and OM. Call listing agent with any questions.
Listing description from the April 2024 sale, as reported to CRMLS.