Great opportunity to own a value add 28-unit apartment building in an excellent Valley Village location. Located just East of Laurel Canyon Blvd, the property is close to the NoHo Arts District, Los Angeles Valley College and just minutes to North Hollywood Metro Rail Station. Built in 1956, theproperty is subject to rent control. There is an attractive unit mix of 23 Two-Bedroom/One-Bath Units, Four, One-Bedroom/One-Bath Units and One Studio.The property is situated on a large corner lot at the cross of Burbank Boulevard and Radford Avenue. Residents enjoy the low density feel as well as amenities such as BBQ picnic area, bike racks, gated covered and uncovered parking, nicely landscaped courtyard, and an on-site laundry facility. Currents owners have invested significant capital in interior and exterior renovations including copper re-piping, four new central water heaters, landscaping, and some interior unit renovations including granite counter tops in the kitchens.
Listing provided courtesy of
, Marcus & Millichap
Additional Property Details
Number of Units
Number of Buildings
Gross Operating Income
Known to locals as NoHo, North Hollywood is known as the creative heart of the San Fernando Valley. Recording studios, theaters, and a thriving arts district make NoHo something special. Access to public transportation and a growing nightlife are turning this area into more of an urban center.
Real Estate: North Hollywood real estate offers many different options with single family homes for sale, as well as condos and townhouses. Ranch-style homes are popular in this area. The NoHo Commons retail area is home to several newer developments with apartment and loft units for rent.
Community Life: North Hollywood is increasingly becoming a destination for all of the San Fernando Valley. The NoHo Arts District is a great place to see a show at a local theater, enjoy a meal, and browse local art galleries. Café culture is popular here with plenty of places to have a coffee and work or relax. The North Hollywood Recreation Center and Valley Plaza Park offers gyms, auditorium, baseball diamonds, basketball courts and an outdoor pool. The NoHo Market is held every Saturday and includes fruits and vegetables from California farmers as well as other foods from local vendors, clothing, crafts, an Artist Village, and more.
Education: North Hollywood is served by the Los Angeles Unified School District including Maurice Sendak Elementary, Fair Avenue Elementary, Victory Boulevard Elementary, Roy Romer Middle School, and East Valley Senior High. Local private schools include The Wesley School, Montessori Academy of North Hollywood, Laurel Hall, and San Fernando Valley Professional.
Transportation: North Hollywood is easily accessed by the 101 and 170 Freeways. The North Hollywood Metro Station connects with the Red and Orange line. The area is also served by several bus routes including the 152/153.
Local Attractions: The El Portal Theatre was built in 1926 as a vaudeville and silent movie house and now has three theaters. The Television Academy, home of the Emmy Awards, is creating a new media center for both the industry and the public.
Results from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.
The information being provided by SoCalMLS® and/or CARETS® is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to property referenced on this web site comes from the Internet Data Exchange (IDX) program of the SoCalMLS® and/or CARETS® MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or associate who owns the web site.
Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by SoCalMLS® and/or CARETS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited.