6828 Morella Avenue

North Hollywood, CA 91605

$895,000
Price
3
Beds
5
Baths
3,108 Sq. Ft.
$288 / Sq. Ft.
3,108
Sq. Ft.
$288
per Sq. Ft.

Description

6828 Morella Ave in North Hollywood is Located just north of Vanowen Street between Lankershim and Laurel Canyon Blvd in North Hollywood. This great value adds opportunity in a redeveloping area of North Hollywood. This (5) Five Unit Apartment Building is comprised of a (1) Two Bedroom and (1) One Bath Single Family House and (4) Four (1) One Bedroom and (1) One Bath Units. The property has a tremendous rental upside. Additionally, the property is individually metered for gas and electricity. This...6828 Morella Ave in North Hollywood is Located just north of Vanowen Street between Lankershim and Laurel Canyon Blvd in North Hollywood. This great value adds opportunity in a redeveloping area of North Hollywood. This (5) Five Unit Apartment Building is comprised of a (1) Two Bedroom and (1) One Bath Single Family House and (4) Four (1) One Bedroom and (1) One Bath Units. The property has a tremendous rental upside. Additionally, the property is individually metered for gas and electricity. This central North Hollywood location is adjacent to Studio City, Burbank, and Toluca Lake and in close proximity to the Metro B Line (Red) North Hollywood station.
  1. Listed by James Antonucci • DRE #01822661 • Brokerage DRE #01428774 • Keller Williams Realty-Studio City • 818-381-6601
  2. Listed by Michael Pesci • DRE #01274379 • Brokerage DRE #01428774 • Keller Williams Studio City

Property Details for 6828 Morella Avenue

Parking Spaces Total
7
Private Pool
No
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3108
Assessor Parcel Number
2321-019-016
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379
Add your commute
LISTING UPDATED: 04/16/2024 03:29 AM

Property Details for 6828 Morella Avenue

StatusPending
MLS #SR24026743
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379
Add your commute

Virtual Tour

Building Information for 6828 Morella Avenue

Building/Complex6828 Morella AveFloor-Stories2Residences-Pet Policy-Year Built1938Building Size-

Payment Calculator

$5,890 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,884

Property Taxes

$1,006

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6828 Morella Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $63,636
  • Gross Scheduled Income: $63,636
  • Vacancy Allowance: 1909
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $61,727
  • Net Operating Income: $37,291
  • Laundry Income: $1,200
  • Gross Multiplier: 14.06
  • Cap Rate: 4.17
Expense Details
  • Operating Expense: $24,436
  • Operating Expense Percent: 38.40%
  • Gardener Expense: $1,500
  • Fuel Expense: $777
  • Electric Expense: $777
  • Insurance Expense: $2,331
  • Maintenance Expense: $11,875
  • Maintenance Percent: 1.25%
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $777
  • Total Expenses: $25,124
Tax / Assessment Info
  • Tax Tract Number: 6024
  • Tax Census Tract: 1232.03
  • CFD/Mello-Roos Fee: $929
  • Tax Lot: 108
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 2
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 7
  • Parking Garage Spaces: 7
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,772
  • Unit Type Total Rent: $3,772
  • Unit Type Pro Forma: 6800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,431
  • Unit Type Total Rent: $1,431
  • Unit Type Pro Forma: 2400
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number With Range: 5

Property History for 6828 Morella 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 6828 Morella Avenue

Taxable ValueLand$557,759Additions$370,895Total$928,654
Tax Record2023$12,067 ($1,006 / month)
Home Facts
Total Finished SqFt3,108 SqFtAbove Grade Finished SqFt3,108 SqFtLot Size7,901 SqFtStyleMulti-Family Res (5+ Units)Year Built1938ZoningLARD1.5CountyLOS ANGELESAPN2321-019-016

Schools near 6828 Morella 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 8
Rating
School
Distance
Victory Boulevard Elementary School
PublicK to 5

Roy Romer Middle School
Public6 to 8

North Hollywood Senior High School
Public9 to 12

ISANA Palmati Academy
CharterK to 8

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Realty-Studio City, James Antonucci, DRE #01822661; Keller Williams Studio City, Michael Pesci, DRE #01274379

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.