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11901 Valerio Street
North Hollywood, CA 91605


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Property Remarks

Non Rent Control with Immediate Upside18-Unit Non-Rent Control Asset in North Hollywood~ 1990 Construction, Two Separate Structures~ Corner Property with Large Frontage on Two Streets,Valerio and Radford Avenue~ Potential Upside in Rents to a 6.10% Cap Rate~ Additional Income from 16 Storage Units~ Excellent Unit Mix of Two Two-Bedroom/Two-Bath Units,Ten Two-Bedroom/One-Bath Units, and Six One-Bedroom/One-Bath Units; 40 Gated Parking Spaces~ Low Density Project, Situated on Almost ~ Acre of land~ Strong Rental Market with Average Occupancy of 97 Percent~ Separately Metered for Gas and Electricity; Laundry on Site~ No Earthquake Retrofit Correction Required

Property Details

MLS#
17285750
Days on Market
15
Year Built
1990
Stories
2
Building/Living Area (sq ft)
11,316
Source of SqFt
Public Records
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
North Hollywood (NHO)

Presented By:

Listing provided courtesy of Jeanette Monfared , Marcus & Millichap


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Cooking Appliances
Built-Ins

Additional Property Details

Number of Units
18
Parking Spaces
40
Number of Buildings
2
Gross Operating Income
$260,712
Total Expense
$89,960
ADA Compliance
No

AC/Cooling
Central A/C
Heating
Central Furnace
Parking
Carport

North Hollywood

Known to locals as NoHo, North Hollywood is known as the creative heart of the San Fernando Valley. Recording studios, theaters, and a thriving arts district make NoHo something special. Access to public transportation and a growing nightlife are turning this area into more of an urban center.

Real Estate: North Hollywood real estate offers many different options with single family homes for sale, as well as condos and townhouses. Ranch-style homes are popular in this area. The NoHo Commons retail area is home to several newer developments with apartment and loft units for rent.

Community Life: North Hollywood is increasingly becoming a destination for all of the San Fernando Valley. The NoHo Arts District is a great place to see a show at a local theater, enjoy a meal, and browse local art galleries. Café culture is popular here with plenty of places to have a coffee and work or relax. The North Hollywood Recreation Center and Valley Plaza Park offers gyms, auditorium, baseball diamonds, basketball courts and an outdoor pool. The NoHo Market is held every Saturday and includes fruits and vegetables from California farmers as well as other foods from local vendors, clothing, crafts, an Artist Village, and more.

Education: North Hollywood is served by the Los Angeles Unified School District including Maurice Sendak Elementary, Fair Avenue Elementary, Victory Boulevard Elementary, Roy Romer Middle School, and East Valley Senior High. Local private schools include The Wesley School, Montessori Academy of North Hollywood, Laurel Hall, and San Fernando Valley Professional.

Transportation: North Hollywood is easily accessed by the 101 and 170 Freeways. The North Hollywood Metro Station connects with the Red and Orange line. The area is also served by several bus routes including the 152/153.

Local Attractions: The El Portal Theatre was built in 1926 as a vaudeville and silent movie house and now has three theaters. The Television Academy, home of the Emmy Awards, is creating a new media center for both the industry and the public.

Community Explorer

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