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11579 Riverside Drive, North Hollywood, CA 91602

8 Bed, 4 Bath Multi-Family Home For Sale

11579 Riverside Drive, North Hollywood, CA 91602 House For Sale - MLS #17293076
Under Agreement
$849,000
8
4
Multi-Family
4 Family
This listing is courtesy of John Barrentine from Keller Williams Larchmont.

Property Description for 11579 Riverside Drive, North Hollywood, CA 91602

Presenting a 4 unit residential income property opportunity in prime Valley Village! This well located quadruplex features four 2 + 1 Units with 3,894 total square feet of living space on a 6,499 square foot lot Zoned LAR3. Each unit boasts charming original details, front and back entrances, and spacious interiors. Each unit has individual meters for gas and electric, and one covered parking space. This value-add property is very solid at: $4,174/month; $50,088/year. At the $849,000 asking price, the property is: $212,500/Unit; a 16.97 current GRM; a 3.61% current CAP; and $218/SF. Perfect for long term investors. Walking distance to Valley Village, NoHo Arts District, restaurants, schools, shops and the Metro Rail.

Interior Details

3,894 sq. ft.
$218.03/sq. ft.
Other

Exterior Details

0.15 acres
6,499 sq. ft.
4

Other Details

17293076
1946

Units Description

Unit #1
Bedrooms: 2      Full / Half Baths: 1      Rent: $862     

Unit #2
Bedrooms: 2      Full / Half Baths: 1      Rent: $927     

Unit #3
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,074     

Unit #4
Bedrooms: 2      Full / Half Baths: 1      Rent: $1,311     

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Town Description

North Hollywood is a district in the San Fernando Valley region of the city of Los Angeles, California, along the Tujunga Wash. It is bounded on the south by Moorpark Street and the Ventura Freeway,...

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