6853 Agnes Avenue

North Hollywood, CA 91605

$1,600,000
Last Sold Price
16
Beds
10
Baths
5,180 Sq. Ft.
$309 / Sq. Ft.
5,180
Sq. Ft.
$309
per Sq. Ft.

Description

6853 and 6928 Agnes Avenue provide investors a great opportunity to acquire ownership of two separate 6-unit buildings located in a strong rental pocket of North Hollywood. Built in 2000 and 2004 the subject properties fall under statewide rent control which allows for 5% + CPI rental increases annually. Both properties have 30% upside in rental income. 6928 Agnes Avenue has had a vacant, non-conforming unit become a legal and conforming unit. 6853 Agnes Avenue currently has a non-conforming unit...6853 and 6928 Agnes Avenue provide investors a great opportunity to acquire ownership of two separate 6-unit buildings located in a strong rental pocket of North Hollywood. Built in 2000 and 2004 the subject properties fall under statewide rent control which allows for 5% + CPI rental increases annually. Both properties have 30% upside in rental income. 6928 Agnes Avenue has had a vacant, non-conforming unit become a legal and conforming unit. 6853 Agnes Avenue currently has a non-conforming unit vacant which a new owner can covert to a legal and conforming unit. Both properties feature strong unit mixes, with open parking areas and laundry rooms. Must be purchased as a portfolio with 6928 Agnes Avenue, not available individually. This property has 1 vacant non-conforming 2-bedroom, 1-bathroom unit.
  1. Listed by Daniel Withers • DRE #01325901 • Brokerage DRE #01469842 • Matthews Real Estate Investment Services

Property Details for 6853 Agnes Avenue

Zoning
LARD1.5
Parcel Number
2321025002
Total Units
6.0
Living Area
5180
Source Living Area
Vendor Enhanced
Area
North Hollywood (NHO)
Vacancy Rate
3
Lot Size Area
8084

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Add your commute
LISTING UPDATED: 08/26/2022 03:42 PM

Property Details for 6853 Agnes Avenue

StatusSold
MLS #22-141281
Days on Market91
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2004
Lot Size0.19 AC / 8,084 SF
CountyLos Angeles County

Location

Listing Courtesy of Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Sold By Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

Add your commute

Building Information for 6853 Agnes Avenue

Stories-Residences-Year Built2004Building Size-Lot Size0.19 AC / 8,084 SF

Payment Calculator

$10,428 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,732

Property Taxes

$1,696

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6853 Agnes Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: Other
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $138,294
  • Net Operating Income: $75,523.00
  • Gross Income: $140,580
  • Gross Rent Multiplier: $15.29
  • Total Annual Expense: 62771
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1856
  • Lot Size Square Feet: 8084
  • Lot Size Dimensions: 60x135
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Other
  • Total Parking: 0
Interior Features
Interior Features
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-29-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,947.50
  • Unit Actual Rent: $3,895.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,955.00
  • Unit Actual Rent: $7,820.00
  • Unit Projected Rent: $10,600.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $533,100.00
  • Assessed Improvement Percent: 46.86
  • Assessed Land Value: $604,657.00
  • Assessed Land Percent: 53.14
  • Assessed Total Value: $1,137,757.00

Property History for 6853 Agnes 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 6853 Agnes Avenue

Taxable ValueLand$1,000,000Additions$604,450Total$1,604,450
Tax Record2023$20,353 ($1,696 / month)
Home Facts
Total Finished SqFt5,180 SqFtAbove Grade Finished SqFt5,180 SqFtStories1Lot Size8,084 SqFtStyleMulti-Family Res (5+ Units)Year Built2004ZoningLARD1.5CountyLOS ANGELESAPN2321-025-002

Schools near 6853 Agnes 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
Bellingham 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 Matthews Real Estate Investment Services, Daniel Withers, DRE #01325901

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.