5131 Bakman Avenue

North Hollywood, CA 91601

$3,195,000
Last Sold Price
3
Beds
12
Baths
7,586 Sq. Ft.
$421 / Sq. Ft.
7,586
Sq. Ft.
$421
per Sq. Ft.

Description

We are proud to represent this 12 unit apartment building in North Hollywood. The building was constructed in 1955. Its unit mix consists of (10) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. Tenants enjoy secured, covered parking and a well-landscaped property. With a lot size of 10,938 square feet, the property has a total of 7,586 rentable square feet. It is zoned R4 tier 3 and is buildable up to 48 units. North Hollywood offers many things to see and do, especially...We are proud to represent this 12 unit apartment building in North Hollywood. The building was constructed in 1955. Its unit mix consists of (10) one-bedroom, one-bathroom units and (2) two-bedroom, one-bathroom units. Tenants enjoy secured, covered parking and a well-landscaped property. With a lot size of 10,938 square feet, the property has a total of 7,586 rentable square feet. It is zoned R4 tier 3 and is buildable up to 48 units. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest. The property is separately metered for gas and electricity
  1. Listed by Cindy Hill • DRE #00885625 • Brokerage DRE #01811831 • Keller Williams Encino-Sherman Oaks

Property Details for 5131 Bakman Avenue

Parking Spaces Total
12
Private Pool
No
Total Units
12.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
7586
Assessor Parcel Number
2353-002-019
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Encino-Sherman Oaks, Cindy Hill, DRE #00885625

Sold By Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882

Add your commute
LISTING UPDATED: 08/18/2021 02:40 AM

Property Details for 5131 Bakman Avenue

StatusClosed
MLS #SR21042064
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1955
Lot Size0.25 AC / 10,939 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Encino-Sherman Oaks, Cindy Hill, DRE #00885625

Sold By Ally Commercial Real Estate, Rickird Rey Ramirez, DRE #01964882

Add your commute

Building Information for 5131 Bakman Avenue

Stories-Residences-Year Built1955Building Size-Lot Size0.25 AC / 10,939 SF

Payment Calculator

$20,824 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,436

Property Taxes

$3,388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5131 Bakman Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $211,176
  • Gross Scheduled Income: $211,176
  • Net Operating Income: $138,479
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $67,802
  • New Taxes Expense: $41,820
  • Fuel Expense: $0
  • Electric Expense: $8,918
  • Insurance Expense: $2,761
  • Professional Management Expense: $0
  • Trash Expense: $2,954
  • Water Sewer Expense: $0
  • Total Expenses: $67,802
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 217
  • Tax Census Tract: 1254.01
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Suburban, Urban, Valley
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Lawn, Lot 10000-19999 Sqft
  • Number Of Units: 12
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,468
  • Unit Type Total Rent: $14,684
  • Unit Type Pro Forma: 18500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,607
  • Unit Type Total Rent: $3,214
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 12

Property History for 5131 Bakman Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5131 Bakman Avenue

Taxable ValueLand$2,040,000Additions$1,221,900Total$3,261,900
Tax Record2023$40,659 ($3,388 / month)
Home Facts
Total Finished SqFt7,586 SqFtAbove Grade Finished SqFt7,586 SqFtLot Size10,939 SqFtStyleMulti-Family Res (5+ Units)Year Built1955ZoningLAR4CountyLOS ANGELESAPN2353-002-019

Schools near 5131 Bakman Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Lankershim Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Encino-Sherman Oaks, Cindy Hill, DRE #00885625

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.