5005 Cahuenga, North Hollywood, CA 91601
- $2,199,000
- List Price
- $2,199,000
- Status
- ACTIVE
- MLS#
- SR26204137
- Year Built
- 1948
- Lot Size
- 10,001
- Acres
- 0.23
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 1
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
ALL UNITS ARE LEASED. PLEASE DO NOT DISTURB OCCUPANTS. PHOTOS INCLUDED ARE NOT OF ALL 6 UNITS. THERE ARE A FEW FEATURE PHOTOS OF EACH UNIT SIZE, THEY ARE NOT COMPREHENSIVE. Set in the sought-after Toluca Woods neighborhood, this charming two-story six-unit property offers a rare combination of vintage mid-century character and modern improvements. The property features classic ARCHITECTURAL DETAILS including crown molding,coffered ceilings, hardwood floors, latticed windows, metal awnings, ornate wrought iron hand rails, and cozy porch/patios on the lower units. All units have access to a common, serene, and private entertainment courtyard in the back. RECENT IMPROVEMENTS include all new electrical panels throughout, new HVAC systems in five of the six units, and a freshly paint exterior, including walls, fences, windows, and hand rails. EACH UNIT FEATURES its own laundry room with a washer and dryer, plus an oven, refrigerator, and dishwasher, and has a separate gas and electric meters. The three-bedroom and two-bedroom units each offer three bathrooms, including a full bath, three-quarter bath, and powder room. All six units include an DETACHED ONE CAR GARAGE with alley access, with additional street parking available. Turnover is low as tenants love features like the large grassy areas for pets or kid play, mature shade trees, mature fruit trees, and central location. 5005 Cahenga is conveniently located within a 15-minute walk of shopping, dining, and entertainment along Riverside Drive in downtown Toluca Lake. This high income producing investment gem combines classic mid-century character with numerous recent improvements. And a 5.8% CAP rate! Call today. RENT ROLL AND ACTUAL plus PROJECTED OPERATING STATEMENTS AVAILABLE UPON REQUEST.
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Additional Information
- Appliances
- Dishwasher, Disposal, Gas Oven, Refrigerator
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Exterior Construction
- Stucco, Copper Plumbing
- Roof
- Shingle
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Crown Molding
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $179,450
- Operating Expense
- 51340
Listing courtesy of Listing Agent: Laurence Cook (larry@larrycookhomes.com) from Listing Office: Rodeo Realty.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.