Price Reduction
Address
10931 Bloomfield Street North Hollywood, CA
Price
$ 2,200,000
Property Attributes
  • MLS#21796560
  • TypeIncome
  • CountyLOS ANGELES
  • CityNorth Hollywood
  • AreaToluca Lake
  • Zip91602
  • Style
  • Price$ 2,200,000
  • Bedrooms18
  • Full Bathrooms6
  • Half Bathrooms0
  • Sqr Footage6132
  • Lot Size9,203 SqFt
Listing Provided Courtesy Of:
Sevak Keshishian with Marcus & Millichap - 818-726-0922
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

We are pleased to present for sale 10931 Bloomfield Street, a 6-unit multifamily investment opportunity in North Hollywood. Built in 1960 on a 9,202 square foot lot, the improvement totals 6,132 square feet and has undergone upgrades to the roof, decking, asphalt, electrical, and plumbing in recent years. Building amenities include an on-site laundry facility and six (6) covered car-port parking spaces in the rear, which do not require seismic retrofitting. A future investor might explore the opportunity to add an ADU by converting the carport area or by building new carports with an ADU(s) on top. (Buyer to independently verify all upgrades and ADU information) The unit mix consists entirely of three-bedroom and one-half bathroom units with the average unit size over 1000 square feet. The property is 100% occupied and collections have been 100% throughout Covid. Being in the same family since the mid-90s, units have received various upgrades or renovations, however all of the units would benefit from a more extensive renovation program that could help capture approximately 60% upside in rents. North Hollywood is a highly desirable community that has seen a lot of gentrification and development, causing rental rates to increase and vacancy levels to decline. The surrounding area is centrally located with easy access to public transportation and a variety of shopping centers, restaurants, entertainment studios, auto dealerships, and schools.

Price History
10/19/2021 Listed $2,345,000
11/24/2021 7% - $2,200,000

General Features

Appliances Dryer, Washer
Listing Agent Sevak Keshishian - BRE#01887505
Listing Agent State License 01887505
Lot Size Square Feet 9203
MLS Area TUL - Toluca Lake
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 6
Zoning LAR3

Exterior Features

Lot Dimensions 53x174
Lot Size Acres 0.21
Lot Size Area 9203
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Covered
Total Parking 6

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 91602

Price
AVG $3.6M
$2.2M
Visits
AVG 142
12
Year Built
AVG 1990
1960
Walkscore
AVG 78
72
Data Provided by Walkscore ® not using MLS data

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