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    6505 Bonner Avenue

    North Hollywood, CA 91606
    • $1,275,000
    • STATUS: Active
    • ON SITE: 6 days
    • ID#: BB20214879
    New On Site 6 Days Ago
    UPDATED: 50 min ago
    $1,275,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,707
      SQFT
    • $471
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    6505 Bonner is made up of a luxurious 3 bedroom, 3 bathroom single family residence that was torn to the studs and fully renovated in 2019, plus a FREE-STANDING 3 bedroom, 3 bathroom ADU that was built ground up in 2019 (a whole additional house)! This stunning non-rent controlled property is located 5 minutes from both the heart of the NoHo Arts District and NoHo West. Currently the front house has an excellent tenant at $3,700/month in a 1 year lease that ends on October 14th (that will turn month-to-month). The back house will be delivered vacant and has a projected rent of $3,300. We already have competing tenant applications in hand!Based on the current status of the leases/vacancies, this property works perfectly for both owner occupiers and investors! Either use 6505 Bonner as a high cash-flow investment, making a projected return of 5.10% (cap rate at market rents), or live in one of the units and rent the other! Whatever the option, this lovely property checks all the boxes!These immaculate homes are situated on a 7,140 square foot lot that has been landscaped beautifully! Other notable features include: manicured front yard, high ceilings, thoughtfully designed floorplans, top-of-the-line finishes, stainless steel appliances, washers and dryers in each unit, chic bathrooms, kitchens that are to die for, and a 2-car garage plus ample driveway parking!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-19T16:32:45.337. 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 | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110929349
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    6505 Bonner Avenue North Hollywood, CA 91606

    • Price: $1,275,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: BB20214879
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,707
    SQFT
    $471
    $/SQFT
    2019
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    6505 Bonner is made up of a luxurious 3 bedroom, 3 bathroom single family residence that was torn to the studs and fully renovated in 2019, plus a FREE-STANDING 3 bedroom, 3 bathroom ADU that was built ground up in 2019 (a whole additional house)! This stunning non-rent controlled property is located 5 minutes from both the heart of the NoHo Arts District and NoHo West. Currently the front house has an excellent tenant at $3,700/month in a 1 year lease that ends on October 14th (that will turn month-to-month). The back house will be delivered vacant and has a projected rent of $3,300. We already have competing tenant applications in hand!Based on the current status of the leases/vacancies, this property works perfectly for both owner occupiers and investors! Either use 6505 Bonner as a high cash-flow investment, making a projected return of 5.10% (cap rate at market rents), or live in one of the units and rent the other! Whatever the option, this lovely property checks all the boxes!These immaculate homes are situated on a 7,140 square foot lot that has been landscaped beautifully! Other notable features include: manicured front yard, high ceilings, thoughtfully designed floorplans, top-of-the-line finishes, stainless steel appliances, washers and dryers in each unit, chic bathrooms, kitchens that are to die for, and a 2-car garage plus ample driveway parking!
    Exterior Features

    Entry Level 1 Fence YN Yes Fencing Excellent Condition Garage Spaces 2.00 Lot Features Front YardLandscapedLawnRectangular LotLevelNear Public TransitSprinkler SystemYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 5.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Uncovered Spaces 3.00

    Interior Features

    Appliances DishwasherFreezerDisposalGas RangeMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1354 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Central Heating YN Yes Interior Features High CeilingsOpen FloorplanRecessed LightingStorage Laundry Features Dryer IncludedInsideWasher Included Levels One Room Type KitchenLaundryLiving RoomMaster BathroomMaster Bedroom

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.00 Community Features SidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 7000.00 Gross Multiplier 15.18 Gross Operating Income 81480.00 Gross Scheduled Income 84000.00 Insurance Expense 1083.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1000.00 Net Operating Income 63226.00 New Construction YN Yes New Taxes Expense 14971.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number With Dishwasher 2 Number With Disposal 2 Number With Range 2 Number With Refrigerator 2 Operating Expense 18524.00 Property Condition TurnkeyUpdated/Remodeled Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 14971.00 Total Expenses 18254.00 Trash Expense 0.00 Vacancy Allowance 1800 Water Sewer Expense 0.00 Water Source Public Year Built Source See Remarks Zoning Lar1

    Listing provided courtesy of Elizabeth Maddox of The 2-4 Unit Specialists


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-19T16:32:45.337. 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 | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003