6851 Radford Ave, North Hollywood, CA 91605

6851 Radford Ave, North Hollywood, CA 91605

North Hollywood, CA

Property Description

6851 Radford Ave, located in the heart of North Hollywood, is a brand-new construction trophy property comprised of four (4) 4 bedroom/3 bathroom units with 6,888 square feet of rentable living space, residing on a large 9,015 square foot corner lot. The developers have minimized expenses for the new owner by installing separate meters for all utilities and drought-resistant landscaping. Furthermore, this property will not be subject to the rent increase restrictions or just cause evictions imposed by AB 1482, the California Tenant Protection Act of 2019. With a “very walkable” WalkScore® of 74, the property is just south of Sherman Way and west of Laurel Canyon Rd and within walking distance to Ralphs, Home Depot, Costco, Starbucks, among numerous other retail stores and restaurants. Bus lines also run on all four major streets surrounding the property. Just 1 mile south on Laurel Canyon Blvd is the NoHo West Complex, a 35-acre mega project consisting of 190,000 square feet of retail and restaurant space, 500,000 square feet of office space, and a pair of podium-type apartment buildings with a total of 642 units. Conveniently located near the 101, 5, 170, and 134 Freeways, as well as the Hollywood Burbank Airport, tenants enjoy the convenience to everything the LA metro area has to offer, and beyond.

Property Features

  • Sale Price: $2,475,000
  • Area Size: 6,888 SF
  • Land Area: 9,015 SF
  • Year Built: 2020
  • Listing Date: 11/05/2020
  • Closing Date: 7/8/2021
  • Units: 4
  • Price Per Unit: $662,250
  • Market GRM: 13.80
  • Market Cap Rate: 5.57%
  • Current NOI: $147,517

Lyon Stahl Investment Real Estate

Keep In Touch