6926 Morella Avenue

North Hollywood, CA 91605

$3,189,000
Price
17
Beds
21
Baths
8,057 Sq. Ft.
$396 / Sq. Ft.
8,057
Sq. Ft.
$396
per Sq. Ft.

Description

THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers,...THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market at a true 6.47 cap rate. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.
  1. Listed by XIO SANDOVAL • DRE #01308913 • Brokerage DRE #01525011 • CENTURY 21 REALTY MASTERS • 323-253-5456

Property Details for 6926 Morella Avenue

View
Neighborhood
Parking Spaces Total
9
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
8057
Assessor Parcel Number
2321-016-017

Location

Listing Courtesy of CENTURY 21 REALTY MASTERS, XIO SANDOVAL, DRE #01308913
Add your commute
LISTING UPDATED: 04/09/2024 05:47 AM

Property Details for 6926 Morella Avenue

StatusActive
MLS #MB24069695
Days on Market27
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2021
CountyLos Angeles County

Location

Listing Courtesy of CENTURY 21 REALTY MASTERS, XIO SANDOVAL, DRE #01308913
Add your commute

Building Information for 6926 Morella Avenue

Building/Complex6926 Morella AveFloor-Stories1Residences-Pet Policy-Year Built2021Building Size-

Payment Calculator

$18,338 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,404

Property Taxes

$934

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6926 Morella Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $221,887
  • Vacancy Allowance Rate: 4
  • Gross Operating Income: $213,012
  • Net Operating Income: $206,355
  • Gross Multiplier: 14.37
  • Cap Rate: 6.47
Expense Details
  • Operating Expense: $15,532
  • New Taxes Expense: $38,860
  • Insurance Expense: $2,200
  • Professional Management Expense: $6,000
  • Trash Expense: $0
  • Total Expenses: $8,200
Tax / Assessment Info
  • Tax Tract Number: 6024
  • Tax Census Tract: 1232.03
  • CFD/Mello-Roos Fee: $361
  • Tax Lot: 118
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside, Stackable
Exterior Features
  • Entry Location: ground level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Three Or More
  • Water: Private
  • Sewer: Public Sewer
  • Water Source: Private
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Direct Entrance, Driveway
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access, Driveway
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 5
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,900
  • Unit Type Total Rent: $3,900
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,392
  • Unit Type Total Rent: $3,392
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,999
  • Unit Type Total Rent: $3,999
  • Unit Type Pro Forma: 4200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,700
  • Unit Type Total Rent: $3,700
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5
  • Number With Dishwasher: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Number With Disposal: 5

Property History for 6926 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 6926 Morella Avenue

Taxable ValueLand$714,000Additions$190,740Total$904,740
Tax Record2023$11,213 ($934 / month)
Home Facts
Beds2Total Finished SqFt2,216 SqFtAbove Grade Finished SqFt2,216 SqFtStories1Lot Size7,901 SqFtStyleSingle Family ResidenceYear Built1934ZoningLARD1.5CountyLOS ANGELESAPN2321-016-017

Schools near 6926 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.

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6926 Morella Avenue is a multi-family home for sale in North Hollywood, CA 91605. This property was listed for sale on April 8, 2024 by CENTURY 21 REALTY MASTERS, it's currently listed at $3,189,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Victory Boulevard Elementary School, Roy Romer Middle School and North Hollywood Senior High School. 6926 Morella Avenue is a 17-bed, 21-bath, 8,057 sqft multi-family home built in 2021.

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 CENTURY 21 REALTY MASTERS, XIO SANDOVAL, DRE #01308913

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.