5525 Elmer Avenue

North Hollywood, CA 91601

$2,800,000
Price
7
Beds
6
Baths
2,987 Sq. Ft.
$937 / Sq. Ft.
2,987
Sq. Ft.
$937
per Sq. Ft.

Description

Welcome to 5525 Elmer Avenue! Come see this quadruplex that has 2 townhomes and a detached owner's unit! This is an excellent income property located in the heart of NoHo Arts District. THis is the perfect central location for yourself and your future prospective tenants: walking distance to the Metro, parks, shopping, restaurants, and studios. Freeways and other transportation are commuting distance. New developments in the area make this a great property to add to the real estate portfolio, especially...Welcome to 5525 Elmer Avenue! Come see this quadruplex that has 2 townhomes and a detached owner's unit! This is an excellent income property located in the heart of NoHo Arts District. THis is the perfect central location for yourself and your future prospective tenants: walking distance to the Metro, parks, shopping, restaurants, and studios. Freeways and other transportation are commuting distance. New developments in the area make this a great property to add to the real estate portfolio, especially if one wants to add ADUs to generate more passive income. This property will not last long!
  1. Listed by Jean Pierre • DRE #00907711 • Brokerage DRE #00907711 • TNT Real Estate and Investments Inc.

Property Details for 5525 Elmer Avenue

Zoning
LAR4
Cross Streets
Lankershim and Cumpston
Parcel Number
2350008046
Total Units
4.0
Living Area
2987
Source Living Area
Vendor Enhanced
Area
North Hollywood (NHO)
Vacancy Rate
Yes

Location

Listing Courtesy of TNT Real Estate and Investments Inc., Jean Pierre, DRE #00907711
Add your commute
LISTING UPDATED: 04/03/2024 12:01 AM

Property Details for 5525 Elmer Avenue

StatusActive
MLS #24-368981
Days on Market32
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1934
Lot Size0.15 AC / 6,531 SF
CountyLos Angeles County

Location

Listing Courtesy of TNT Real Estate and Investments Inc., Jean Pierre, DRE #00907711
Add your commute

Building Information for 5525 Elmer Avenue

Stories-Residences-Year Built1934Building Size-Lot Size0.15 AC / 6,531 SF

Payment Calculator

$16,694 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,281

Property Taxes

$1,413

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5525 Elmer Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Quadruplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Financing: Cash, Conventional, FHA
  • Disclosures: As Is, LA/Owner Related
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $120,000
  • Net Operating Income: $25,000.00
  • Gross Income: $10,000
  • Gross Rent Multiplier: $12.00
  • Financial Info as Of: 03/19/2024
  • Owner Pays: Water
  • Total Annual Expense: 20000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1499
  • Lot Size Square Feet: 6531
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 6
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two, One
  • Cooling: Central Air
  • Cooling Type: Window Unit(s), Central
  • Heating: Combination
  • Heating Type: Combination
  • Equipment: Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-26-2024
  • Tenant Pays: Gas, Electricity, Insurance
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,200.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $509,796.00
  • Assessed Improvement Percent: 37.12
  • Assessed Land Value: $863,532.00
  • Assessed Land Percent: 62.88
  • Assessed Total Value: $1,373,328.00

Property History for 5525 Elmer 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 5525 Elmer Avenue

Taxable ValueLand$863,532Additions$509,796Total$1,373,328
Tax Record2023$16,952 ($1,413 / month)
Home Facts
Total Finished SqFt2,987 SqFtAbove Grade Finished SqFt2,987 SqFtLot Size6,529 SqFtStyleQuadraplexYear Built1934ZoningLAR4CountyLOS ANGELESAPN2350-008-046

Schools near 5525 Elmer 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
Public - K to 5
Rating
School
Distance
Lankershim Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 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.

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5525 Elmer Avenue is a multi-family home for sale in North Hollywood, CA 91601. This property was listed for sale on March 26, 2024 by TNT Real Estate and Investments Inc., it's currently listed at $2,800,000. It has been on the market for a total of 32 days and was last sold on September 8, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Lankershim Elementary School, Walter Reed Middle School and East Valley Senior High School. 5525 Elmer Avenue is a 7-bed, 6-bath, 2,987 sqft multi-family home built in 1934.

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 TNT Real Estate and Investments Inc., Jean Pierre, DRE #00907711

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.