5752-5758 Vineland Avenue

Offering Highlights

  • Offer Price:

    $1,950,000

  • Price/SF:

    $328.50

  • Price/Unit:

    $243,750

  • Units:

    8

  • Net Reantable Area:

    5,936

  • Cap Rate:

    3.72%

  • GRM:

    14.59

  • Status:

    Active

The Liberow Group of Marcus & Millichap is pleased to present 5752-5758 Vineland Avenue, an 8-unit apartment building situated on a double-lot located in prime North Hollywood, CA.

The property consists of one (1) single, three (3) one-bedroom/one-bath, and four (4) two-bedroom/two-bath units. The property offers on-site amenities including gated parking and laundry facilities. All of the garages are currently being occupied by the seller, and will be delivered vacant at the close of escrow.

The strategic location in a vibrant community offers a unique live/work opportunity for residents. With a Walk Score of 81, residents have easy access to all the dining, shopping, and entertainment options that North Hollywood has to offer. The surrounding NoHo Arts District is home to lively theaters, art galleries, local eateries, nationally known restaurants, shopping, and the NoHo Commons Shopping Mall. The property is conveniently located near the 101, 170 and 134 freeways.

With strong demographics paired with a prime location, 5752-5758 Vineland Avenue makes an exceptional choice for investors seeking a value-add opportunity.

 

Highlights:

* Prime Noho Location

* Close Proximity To Noho Arts District, Universal City, and Toluca Lake

* Convenient Access To 101, 134 and 170 Freeways

* Great Unit Mix Of (1) Single, (3) One-Bedroom/One-Bathrooms, and (4) Two-Bedroom/Two-Bathroom Apartments

* Walk Score Of 81 – Considered Walker’s Paradise

* On-Site Amenities Include Gated Parking and Laundry Facilities

* Value-Add Opportunity With The Potential To Increase Income Through Renovations To The Exterior and Interior Units

* Double Lot Zoned Lard1.5, Perfect For A Small Lot Subdivision Development

* All Garages Will Be Delivered Vacant, Making This An Excellent Opportunity To Add ADU’s

 

Exclusively listed by:

Sam Liberow
Senior Vice President Investments
Direct: 818-212-2795
Cell: 718-406-3128
SLIBEROW@MARCUSMILLICHAP.COM

CA: 01933858

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