Address not provided Los Angeles, CA $ 1,950,000
Address not provided
$ 1,950,000
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Address not provided

Los Angeles, CA, 91606
$ 1,950,000
Bedrooms-- Baths--

Monthly Estimate*

$ 13,468

MLS #/Web ID: 0026990863 - Image 1

Commercial Property for sale in Los Angeles, CA

for $1,950,000. This building was built in 1961.

Excellent investment opportunity in North Hollywood featuring a well-maintained 7-unit multifamily property with a desirable unit mix of five 2-bedroom/1-bath units and two spacious 3-bedroom/2-bath units. One of the 2-bedroom units has been completely remodeled and is currently achieving a market rent of $2,500 per month, providing a strong indication of the property's rental potential.The property benefits from very low maintenance and operating costs, making it an attractive opportunity for investors seeking stable income with additional upside potential. Ownership has also completed several significant improvements, including a brand-new second-story walkway, repaired and improved second-floor railings, refreshed exterior paint, replacement of the sewer line beneath the property, and an upgraded water heater with a recirculation pump designed to improve efficiency and hot-water delivery throughout the building. The property has also undergone required retrofit compliance work. Units 2, 3, 6, and 7 have been upgraded with hardwood flooring.Adding to the property's operating efficiency, tenants are individually responsible for their trash service, which is incorporated into their respective utility billing rather than being carried as a building expense.With its strong unit mix, low maintenance costs, recent capital improvements, and demonstrated ability to achieve attractive market rents, this property presents a compelling opportunity for both long-term investors and 1031 exchange buyers.

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Commercial Active

Price

$ 1,950,000

Property Type

Commercial

Taxes

$ 0

Style

Year Built

1961

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026990863

Features
General
Zoning LARD1.5
Construction Materials Stucco
Year Built 1961
Tax Year 2025
County Los Angeles
Insurance Expense 892
Property Type Commercial Sale
Status Active
City Los Angeles
MLS Area NHO - North Hollywood
Electric Expense 600
Standard Status Active
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Interior
Total Stories 2
Laundry Features Laundry Equipment Own Lease Community
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 7976
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* Excluded Features
List By
Artin Hovsepian

Listing Agent

The Agency

Broker

artin.h@theagencyre.com

Email

Affordability Calculator

$13,468
Per Month
100%
0%
0%
Monthly Principal & Interest
$13,468
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4827338 Elementary School
0 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$1,950,000 Listed Price

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