6308 Coldwater Canyon, North Hollywood, CA 91606

$1,450,000

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List Price
$1,450,000
Status
ACTIVE
MLS#
SR26029580
Year Built
1953
Lot Size
5,999
Acres
0.14
Lot Location
6-10 Units/Acre
Days on Market
170
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

Located in the heart of Valley Glen, this well-maintained multifamily apartment building at 6308 Coldwater Canyon Ave presents a strong investment opportunity in a consistently high-demand rental market. The property features a desirable unit mix of four (4) 1-bed/1-bath units and two (2) 2-bed/1-bath units, appealing to a wide range of tenants seeking convenient Valley living. The property offers essential amenities that support long-term tenant retention, including on-site parking, on-site laundry, and individual gas and electric metering, allowing for reduced owner expenses and operational efficiency. The functional layout and unit configuration provide solid in-place income with potential for future upside through rental growth or interior upgrades. Ideally situated just minutes from the NoHo Arts District, tenants enjoy close proximity to dining, entertainment, and nightlife, while benefiting from quick access to CA-170 and CA-101 freeways for easy commuting throughout Los Angeles. The location is further enhanced by nearby demand drivers such as Los Angeles Valley College, the Van Nuys Courthouse, and an abundance of shopping, public transit, and neighborhood services. This Valley Glen asset offers investors a compelling blend of location, unit mix, and fundamentals in one of the San Fernando Valley’s most resilient rental submarkets. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
6
Gross Scheduled Income
$132,756
Operating Expense
43662

Listing courtesy of Listing Agent: James Antonucci (james@aplagroup.com) from Listing Office: Keller Williams Realty-Studio City.

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Calculator source: Real Geeks

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.