11840 Kittridge Street Active Save Request In-Person Tour Request Virtual Tour
North Hollywood (los Angeles),CA 91606
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 39,111 sqft
Price per Sqft $254
MLS Listing ID CL25506061
HOA Y/N No
Year Built 1964
Lot Size 1.043 Acres
Acres 1.04
Property Sub-Type Other
Property Description
We are pleased to present 11840 Kittridge Street, a 46-unit value-add apartment building constructed in 1963 and located in North Hollywood, California. Current rents are approximately 29% below market providing a new investor the opportunity to renovate units and common areas in order to maximize rental income. The property features a favorable unit mix consisting of (11) one-bedroom/one-bathroom units, (34) two-bedroom/two-bathroom units and (1) three-bedroom/two-bathroom unit. Units feature air-conditioning and generous size bedrooms. Select units feature grey hardwood style flooring, stylish honeycomb tile floors in the kitchen and bath, granite counters and modern black appliances, including a stove and microwave. Property amenities include secured access, gated/covered parking, pool with patio area and laundry facility. The 39,111 square foot building sits on a large 1.04 acre lot that is LAR3 zoned. 11840 Kittridge Street is located in North Hollywood, one of the strongest rental submarkets in the San Fernando Valley with historically low vacancy rates. The property boasts a Walk Score of 81 as it is walking distance to grocery stores, restaurants and retail on both Laurel Canyon Boulevard and Lankersheim Boulevard. The property is just a few miles from the trendy NoHo Art
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 2322020055