North Hollywood (los Angeles), CA 91606,11840 Kittridge Street
North Hollywood (los Angeles), CA 91606,11840 Kittridge Street
North Hollywood (los Angeles), CA 91606,11840 Kittridge Street
North Hollywood (los Angeles), CA 91606,11840 Kittridge Street
North Hollywood (los Angeles), CA 91606,11840 Kittridge Street
North Hollywood (los Angeles), CA 91606,11840 Kittridge Street
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$ 9,950,000
Est. payment | /mo

39,111 SqFt


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$ 9,950,000
Est. payment | /mo
Save

39,111 SqFt

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

Bridge MLS
Listed by Matthew Ziegler • Marcus & Millichap

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Roland Osage

Agent | License ID: 02055089

+1(925) 206-9799

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11840 Kittridge Street