5651 Klump Avenue

    North Hollywood, CA 91601
    • $2,350,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: BB19119462
    UPDATED: 19 min ago
    $2,350,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,472
      SQFT
    • $429
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    5651 Klump Ave is an incredibly priced new construction fourplex in the NoHo Arts District! It has an estimated completion date of July 2019. Get your offers in early to lock this deal up at an amazing price. Park your money here and enjoy NO RENT CONTROL and exceptional return!5649 Klump is made up of four 3-story, side-by-side townhome style units with spacious floorplans and awesome views. Our rental team has found this unit type to be the #1 choice of renters. The excellent location, walking distance to all the excitement that NoHo has to offer, paired with the upscale modern units makes for quick, easy rentals. At $2,350,000 you+GGre looking at a realistic projected cap rate of 5.38%, if not higher. Other perks to this property include: optimal parking (2-car garages for three of the units and two exterior spots), separate meters for all utilities, stainless steel appliances, drought tolerant landscaping, and a 1 year fit and finish warranty! Additionally, this is located in a CA Opportunity Zone, which could mean tax benefits (please consult with a tax specialist).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T08:29:52.63. 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. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/95070405

    5651 Klump Avenue North Hollywood, CA 91601

    • Price: $2,350,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: BB19119462
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    5,472
    SQFT
    $429
    $/SQFT
    2019
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    5651 Klump Ave is an incredibly priced new construction fourplex in the NoHo Arts District! It has an estimated completion date of July 2019. Get your offers in early to lock this deal up at an amazing price. Park your money here and enjoy NO RENT CONTROL and exceptional return!5649 Klump is made up of four 3-story, side-by-side townhome style units with spacious floorplans and awesome views. Our rental team has found this unit type to be the #1 choice of renters. The excellent location, walking distance to all the excitement that NoHo has to offer, paired with the upscale modern units makes for quick, easy rentals. At $2,350,000 you+GGre looking at a realistic projected cap rate of 5.38%, if not higher. Other perks to this property include: optimal parking (2-car garages for three of the units and two exterior spots), separate meters for all utilities, stainless steel appliances, drought tolerant landscaping, and a 1 year fit and finish warranty! Additionally, this is located in a CA Opportunity Zone, which could mean tax benefits (please consult with a tax specialist).
    Exterior Features

    Architectural Style Modern Carport Spaces 2.00 Entry Level 1 Entry Location 1 Fence YN Yes Fencing Excellent Condition Garage Spaces 6.00 Lot Features Front YardLandscapedLawnLevelNear Public TransitSprinklers Drip SystemYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Flat View Neighborhood View YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1368 Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Flooring Laminate Heating Central Heating YN Yes Laundry Features Gas Dryer HookupInsideWasher Hookup Levels Three Or More

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.38 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Gardener Expense 600.00 Gross Income 13650.00 Gross Multiplier 14.35 Gross Operating Income 158886.00 Gross Scheduled Income 163800.00 Insurance Expense 1915.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 126465.00 New Construction YN Yes New Taxes Expense 28106.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 5 Number With Dishwasher 1 Number With Disposal 1 Number With Range 1 Number With Refrigerator 1 Operating Expense 32421.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Taxes Percent 1.19 Tenant Pays All Utilities Total Expenses 32421.00 Trash Expense 0.00 Vacancy Allowance 4914 Water Sewer Expense 600.00 Water Source Public Year Built Source Builder

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-19T08:29:52.63. 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. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024