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5653 Bakman Ave

5653 Bakman Ave
NORTH HOLLYWOOD, California 01

    Nestled in the heart of North Hollywood, this charming six-unit apartment building on Bakman Ave offers residents an urban oasis amidst the bustling cityscape. Situated within close proximity to trendy cafes, eclectic eateries, and vibrant entertainment options, this property embodies the epitome of convenient city living. 5653 Bakman Ave is a charming 6-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 six-unit apartment building is comprised of (4) Four (1) One-bedroom and (1) One-bath units, and (2) Two (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 5640 Bakman Ave in North Hollywood***

    PROPERTY HIGHLIGHTS

  • Unit Mix: 4-1+1 | 2-2+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
  • Potential Rental Upside
  • Nearby Shopping/Transit Access
  • On-Site Parking
  • Individually Metered For Gas & Electric
  • Nearby North Hollywood Metro Station
  • Great North Hollywood Location
CALL FOR PRICE
Status: For Sale
Icon 6 Units
Icon 8,100 SF/Lot
Icon LARD1.5 Zoning
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Agent
James Antonucci
Senior Vice President of Investments
BRE 01822661
Agent
Mike Pesci
Senior Vice President of Investments
BRE 01274379
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