5640 Bakman Avenue, North Hollywood

$1,450,000

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3

Beds

2

Baths

0.16

Acres

About 5640 Bakman Avenue

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***

Features of 5640 Bakman Avenue

MLS® # SR24064369
Price $1,450,000
Bedrooms 3
Bathrooms 2.00
Acres 0.16
Year Built 1953
Type Residential Income
Sub-Type Apartment
Status Active

Community Information

Address 5640 Bakman Avenue
Area NHO - North Hollywood
City North Hollywood
County Los Angeles
Zip Code 91601

Amenities

Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2
Stories Two

Exterior

Lot Description 6-10 Units/Acre

Additional Information

Date Listed April 1st, 2024
Days on Market 55
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJames Antonucci
OfficeKeller Williams Realty-Studio City

Listing Map

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