Fully Occupied! Presenting, 5709 Auckland Ave., an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.69% pro-forma cap rate, offering investors solid returns in a sought-after location. Offering 5 generously sized units for a total of 18 bedrooms and… Read More 17 bathrooms throughout. All 5 units feature large bedrooms and living spaces, open floor plans, and massive windows that flood the space with natural light. Every unit is equipped with custom-designed kitchens, offering a luxurious and modern living experience. The photos speak for themselves! The property includes 8 dedicated parking spaces, all carports, ensuring convenient parking for tenants, an essential feature in the bustling North Hollywood area. Location is a major highlight: just minutes away from the NoHo Arts District, offering tenants easy access to a vibrant neighborhood full of theaters, art galleries, trendy restaurants, and cafes. The property is adjacent to the City of Burbank, giving close access to all Burbank as to offer. It's also near major studios like Universal and Warner Bros., making it attractive to entertainment industry professionals. Additionally, the property is conveniently located close to the Metro Red Line, providing easy access to Downtown LA and surrounding areas. With its spacious units, modern amenities, and prime location, this property is positioned for long-term growth and steady rental demand in one of LA's hottest markets. Don't miss out on this rare opportunity to invest in a high-performing asset in the heart of North Hollywood! Read Less
Courtesy of Power Brokers 424-738-5900
Listing Snapshot
Days Online
240
Last Updated
Property Type
Other
Beds
18
Square Ft.
7,947
Lot Size
0.14 Acres
Year Built
2024
MLS Number
24-463773
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
Building
7,947 sq ft, Built in 2024, Levels: Multi/Split, One, Multi/Split
Cooling
Central
Disclosures
Owner Has R.E. License, Owner Is Listing Agent
Fireplaces
None
Floors
Laminate
Garage
Carport, Carport Attached
Water Features
Water: Public
Heating
Central
Laundry
In Unit
Lot
LotAcreage: 0.1427, LotSizeArea: 6,216
Parking
TotalParking: 8
Property
NumberOfUnits: 5, Zoning: LAC2, New Construction
Utilities
Tankless
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