6645 Farmdale Avenue

North Hollywood, CA 91606

$1,700,000
Last Sold Price
13
Beds
7
Baths
5,869 Sq. Ft.
$290 / Sq. Ft.
5,869
Sq. Ft.
$290
per Sq. Ft.

Description

Located near the border of Burbank and North Hollywood, the property affords tenants convenient access to the revamped NoHo Arts District and the Burbank Empire Center. Constructed in 1961, the 5,869 square foot property occupies a 6,751 square foot parcel near the intersection of Lankershim Boulevard and Victory Boulevard. With its solid pipeline of recent and upcoming development projects, North Hollywood has benefited from a strong influx of capital. The new NoHo West mixed-use development features...Located near the border of Burbank and North Hollywood, the property affords tenants convenient access to the revamped NoHo Arts District and the Burbank Empire Center. Constructed in 1961, the 5,869 square foot property occupies a 6,751 square foot parcel near the intersection of Lankershim Boulevard and Victory Boulevard. With its solid pipeline of recent and upcoming development projects, North Hollywood has benefited from a strong influx of capital. The new NoHo West mixed-use development features a Trader Joe's, Nordstrom Rack, Regal Cinema, LA Fitness, and several other shops and restaurants as its accompanying 644-unit multifamily development moves forward through construction. A proposed $1 billion mixed-use campus featuring approximately 22 million square feet of retail, restaurant, office, and residential space would come online just 1.6 miles south of the property. Several other projects are pending in the immediate area, including 119 apartments over ground floor retail at 6500 Lankershim Boulevard and another 243 multifamily units at 7035 Laurel Canyon Boulevard. In addition to the major shopping centers nearby, tenants also enjoy convenient access to a brand new Target, Costco, The Home Depot, Smart & Final, and 99 Cents Only Store. The 5, 101, 134, and 170 Freeways are all within short driving distance, while mass transit is available at the North Hollywood Metro Station, which acts as a hub between the Metro Red Line and the Orange Line Busway.
  1. Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 6645 Farmdale Avenue

Zoning
LARD2
Parcel Number
2320022022
Total Units
6.0
Living Area
5869
Source Living Area
Vendor Enhanced
Area
North Hollywood (NHO)
Vacancy Rate
3%
Lot Size Area
6751

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute
LISTING UPDATED: 02/23/2024 09:45 AM

Property Details for 6645 Farmdale Avenue

StatusSold
MLS #23-274189
Days on Market260
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.15 AC / 6,751 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Sold By Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

Add your commute

Building Information for 6645 Farmdale Avenue

Stories2Residences-Year Built1961Building Size-Lot Size0.15 AC / 6,751 SF

Payment Calculator

$11,116 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,278

Property Taxes

$1,838

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6645 Farmdale Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $148,262
  • Net Operating Income: $99,381.00
  • Gross Income: $151,920
  • Cap Rate: 5.16%
  • Gross Rent Multiplier: $12.64
  • Total Annual Expense: 48881
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.155
  • Lot Size Square Feet: 6751
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 5
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-25-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,992.00
  • Unit Actual Rent: $9,960.00
  • Unit Projected Rent: $11,725.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,795.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $688,500.00
  • Assessed Improvement Percent: 40.3
  • Assessed Land Value: $1,020,000.00
  • Assessed Land Percent: 59.7
  • Assessed Total Value: $1,708,500.00

Property History for 6645 Farmdale 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 6645 Farmdale Avenue

Taxable ValueLand$1,040,400Additions$702,270Total$1,742,670
Tax Record2023$22,059 ($1,838 / month)
Home Facts
Total Finished SqFt5,869 SqFtAbove Grade Finished SqFt5,869 SqFtLot Size6,751 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLARD2CountyLOS ANGELESAPN2320-022-022

Schools near 6645 Farmdale 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 - K to 5
Rating
School
Distance
Fair Avenue Elementary School
PublicK to 5

Roy Romer Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

ISANA Cardinal Academy
CharterK to 5

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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Similar Sold 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 Marcus & Millichap, Roderick 'Rick' Raymundo, DRE #01357019

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.