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5225 Satsuma

North Hollywood, CA 91601
  • $1,400,000
  • STATUS: Active
  • ON SITE: 13 Days
  • ID#: PW21251469
UPDATED: 122 min ago
$1,400,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Listing provided courtesy of Justin White of Justin White

Description

Available for the Passive Investor, or Aspiring Developer, 5225 Satsuma Ave is a turn-key 4-unit apartment building built in 1955 with development potential. This charming 2-story walk-up has a unit mix, consisting of four 1 bedroom 1 bath units. The 2,640 SF property sits on a 5871 SF lot and has off-street garage- parking averaging 1 space per unit. There is ample space to take advantage of the ADU laws in the city of Los Angeles.This asset is located just off Magnolia Blvd to the south and Vineland Ave to the west, in the heart of North Hollywood Arts District which is considered a uniquely walkable cultural hub within the San Fernando Valley. Tenants enjoy being close to the trendiest coffee shops, restaurants and bars along with many small theaters and arts-related venues. Tenants are also close to the new NoHo West iconic billion-dollar mega-development which includes many fantastic spots for dining, shopping, entertainment and health & wellness! North Hollywood is known to attract actors and entertainers alike from all over the world as it hosts many auditions, and it is just a short subway ride to Universal Studios, or a stop away from Hollywood and Highland.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123384403
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5225 Satsuma North Hollywood, CA 91601

  • Price: $1,400,000
  • Status: Active
  • On Site: 13 Days
  • Updated: 122 min ago
  • ID#: PW21251469
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1955
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
Available for the Passive Investor, or Aspiring Developer, 5225 Satsuma Ave is a turn-key 4-unit apartment building built in 1955 with development potential. This charming 2-story walk-up has a unit mix, consisting of four 1 bedroom 1 bath units. The 2,640 SF property sits on a 5871 SF lot and has off-street garage- parking averaging 1 space per unit. There is ample space to take advantage of the ADU laws in the city of Los Angeles.This asset is located just off Magnolia Blvd to the south and Vineland Ave to the west, in the heart of North Hollywood Arts District which is considered a uniquely walkable cultural hub within the San Fernando Valley. Tenants enjoy being close to the trendiest coffee shops, restaurants and bars along with many small theaters and arts-related venues. Tenants are also close to the new NoHo West iconic billion-dollar mega-development which includes many fantastic spots for dining, shopping, entertainment and health & wellness! North Hollywood is known to attract actors and entertainers alike from all over the world as it hosts many auditions, and it is just a short subway ride to Universal Studios, or a stop away from Hollywood and Highland.
Exterior Features

Lot Features Near Public TransitYard Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest Community Apartment Community Features Curbs Fuel Expense 0 Garage YN Yes Gross Income 100 Gross Scheduled Income 62916 Insurance Expense 1056 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 34124 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 25646 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T21:29:04.5. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing provided courtesy of Justin White of Justin White