6926 Morella Avenue North Hollywood, CA $ 3,189,000
6926 Morella Avenue
$ 3,189,000
New Construction
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6926 Morella Avenue

North Hollywood, CA, 91605
$ 3,189,000
Bedrooms17 Baths17.4 Sq 8,057

Monthly Estimate*

$ 22,276

Listed by CENTURY 21 REALTY MASTERS
6926 Morella Avenue, North Hollywood, CA 91605 - Image 1
6926 Morella Avenue, North Hollywood, CA 91605 - Image 2
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6926 Morella Avenue, North Hollywood, CA 91605 - Image 18
6926 Morella Avenue, North Hollywood, CA 91605 - Image 19

Multi-Family Home for sale in North Hollywood, CA

for $3,189,000 with 17 bedrooms and 17 full baths, 4 half baths. This 8,057 square foot home was built in 2021 on a lot size of 0.1815.

THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market at a true 6.47 cap rate. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.

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Multi-Family Active

Price

$ 3,189,000

Bedrooms

17

Full Bath

17

Half Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

0.1815

Year Built

2021

Town/City

North Hollywood

County/Region

Los Angeles

MLS | Web ID

MB24069695

Days on Market

22

Features
General
Sewer PublicSewer
Possession CloseOfEscrow
Zoning LARD1.5
HOA 0.0
Garage Spaces 4.0
Pool Features None
Year Built 2021
Tenant Pays AllUtilities
View Neighborhood
Stories 1
Levels One ThreeOrMore
Property SubType Apartment
Gross Income 0.0
Community Features StreetLights Sidewalks
County Los Angeles
Net Operating Income 206355.0
Operating Expense 15532.0
Insurance Expense 2200.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency NONE
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions Online directions
City North Hollywood
Entry Location ground level
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 5
MLS Area NHO - North Hollywood
Lot Size Square Feet 7904.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 5
Street Name Morella
Listing Terms Submit
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 1
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot 118
Total Actual Rent 18490.6
Property Sub Type Additional Apartment
Taxes 38860.0
Cap Rate 6.47
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Exterior
Parking Features DirectAccess Driveway Garage
Water Source Private
Total Parking 9.0
Inclusions All appliances
Lot Size Area 7904.0
Number of Buildings 3
Spa N
Building Area Total 8057.0
Lot Size Acres 0.1815
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 5
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features Inside Stacked
Entry Level 4
Electric On Property Y/N N
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Internal Only
Street Number 1 6926
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* Excluded Features
List By
Century 21 Realty Masters

Broker

(323) 722-7300

Phone

Affordability Calculator

$22,276
Per Month
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Monthly Principal & Interest
$22,276
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/9/2024$3,189,000 Listed Price

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6926 Morella Avenue, North Hollywood, CA, 91605 is a Multi-Family Home for sale at $3,189,000 with 8,057 sqft and a lot size of 0.1815. 6926 Morella Avenue has 17 bedrooms, 17.4 baths, and was built in 2021. The property's zip code is 91605 which is in North Hollywood, CA