34.195232 -118.39384

6843 GENTRY Avenue Los Angeles, CA 91605

234014142 34.195232 -118.39384 124 /listing/234014142-150289652/6843-gentry-avenue-los-angeles-ca-91605 False 0 5495000.0 105 19445020 False
  • $5,495,000
  • 23,966 lot
  • Est payment $29498.35/mo

Property & Neighborhood Info

Courtesy Of Kelly Morgan, Keller Williams-Santa Monica

Multi-Family in North Hollywood

27 Units with 53%+/- upside in rents and a 4.82% Cash on Cash return. Also take a look at the cash flow analysis on page 29 of our OM to see a scenario that would achieve a 20.9% Average Annual ROI doubling your investment in 5 years. 13 of the units have already been upgraded with new kitchen cabinets, new bathrooms and new flooring, however they are not at market since the owner did not rehab the exterior of the building and the units will need to have the popcorn ceiling scraped, better showers installed and new windows. The good news is there is plenty of upside left for those units and the upgrade should only cost about $10,000/Unit. The property is within walking distance to the new "NoHo West" lifestyle center. This brand new development should provide similar property value and apartment rental increases in the surrounding areas much as "The Grove" in West LA or the "Americana at Brand" in Glendale provided. NoHoWest will include Amenity Rich Apts, retail/office, entertainment.

Courtesy Of Kelly Morgan, Keller Williams-Santa Monica
  1. 23,966 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1964
  • Floors: 2
  • County: Los Angeles
  • Units: 27
  • Zoning: LARD1.5
  • MLS Number:19445020

Additional Features

  • Laundry:
    • None
  • Appliances:
    • None
  • Land Size Source:
    • Assessor
  • Parking:
    • Carport
  • Number of Buildings:
    • 1
  • Net Operating Income:
    • 237971.00
  • CDOM:
    • 185
  • Special Conditions:
    • Standard
  • Gross Operating Income:
    • 404048.00
  • Land Value:
    • 1863999
  • Lot Size Acres:
    • 0.5502
  • Lot Size Area:
    • 23966.0000
  • Lot Size Square Feet:
    • 23966.00
  • Price Per SQFT:
    • 285.75
  • Tax ID:
    • 2321023017
  • Total Expenses:
    • 153955.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Koenig Properties
Koenig Properties
A Full Service Real Estate Firm
5314 Laurel Canyon Blvd VALLEY VILLAGE CA 91607
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34.195232 -118.39384

6843 GENTRY Avenue Los Angeles, CA 91605

234014142 34.195232 -118.39384 124 /listing/234014142-150289652/6843-gentry-avenue-los-angeles-ca-91605 False 0 5495000.0 105 19445020 False
  • $5,495,000
  • 23,966 lot
  • Est payment $29498.35/mo