MarketPier

11357 Delano Street - North Hollywood, CA 91606

$915,000
Listing Description

*APPLICATIONS ALREADY IN HAND WITHIN 2 DAYS OF MARKETING FOR $1,850 FOR THE ADU! PROPERTY CAN BE DELIVERED FULLY RENTED AT MARKET RENTS! 11357-11359 Delano is made up of a luxurious 3 bedroom, 2 bathroom single family residence that was torn to the studs and fully renovated in 2019, plus an attached 1 bedroom, 1 bathroom ADU that was built ground up this year! This stunning property is located 5 minutes from both the heart of the NoHo Arts District and the future home of NoHo West, an enormous mixed-use development project that is poised to take North Hollywood to a whole new level! These immaculate units are situated on a 8,012 square foot corner lot that has been landscaped beautifully! Enjoy an expansive yard that surrounds the property on all sides. Other notable features include: sky high ceilings, thoughtfully designed floorplans, top-of-the-line finishes, stainless steel appliances, washer/dryer hookups, chic bathrooms, kitchens that are to die for, high-quality soundproofing between the units, and 6 parking spots. This property is ideal for both owner occupiers and investors! Live in the luxurious front house and use the other unit for additional income or as a guest house... Or rent both units out for a projected cap rate of 5.54% and gross annual income of $66,540! So many options!

Listing Information
MLS Number
BB19137033
APN/Parcel ID
2336028022
Type
Multifamily
Sub Type
Multifamily
Building Size
1,693 sqft
Lot Size
8,012 sqft
Price / SQFT
$540
No Units
2
Price / Unit
$457,500
Gross Income
$64,544
Gross Scheduled Income
$66,540
Expenses
$13,843
Total Expenses
$13,843
Net Income
$50,700
Listing Date
6/11/2019
Days Active
12
Last Updated
6/24/2019
Listing Provided By
Elizabeth Maddox
The 2-4 Unit Specialists
BRE# 01921425

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