5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low-Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. ***Property must be sold with 5653 Bakman Ave in North Hollywood***
- Unit Mix: 6-1+1 | 1-2+1
- Low Income Covenant until 2035
- Part of The ACHP
- Part of The Community Redevelopment Agency
- Short Distance To NoHo Arts District
- CA-170 & CA-134 Freeway Nearby
- Corner Lot
- Potential Rental Upside
- Nearby Shopping/Transit Access
- On-Site Laundry
- On-Site Parking with Storage
- Individually Metered For Gas & Electric
- Nearby North Hollywood Metro Station
- Great North Hollywood Location
PROPERTY HIGHLIGHTS
7 Units
6,753 SF/Lot
9.80 Cap
Browse through our latest and exclusive properties in the market.
We will find you get your dream home as soon in easy ways.
