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Multifamily

6516 Vineland Ave

6516 Vineland Ave, Los Angeles, CA 91606

Listing Price: $8,400,000

Cap Rate
5.59%
Number of Units
14
GRM
13.67
Occupancy
97.0%
Price/Unit
$600,000
Price/Gross SF
$359.59
Gross SF
23,360

Investment Overview

Construction Finalized Awaiting the C of O. Marcus & Millichap is pleased to present 14 bright and open townhome style units constructed in 2020 and located in North Hollywood, California. The buildings are comprised of 7 separate duplex structures featuring a unit mix of (8) 3 bedroom 3.5 bathroom Townhomes and (2) 4 bedroom/4 bathroom Townhomes. The large Townhomes feature high end finishes such as wood laminate flooring, designer tile backsplashes and stainless steel appliances. Each unit also features two parking spaces, central heat and air-conditioning, washer/dryer, dishwasher and garbage disposal. The property is located in an Opportunity Zone with Potential Tax Benefits if the property is held for a period of 7-10 years. The Seller may be able to deliver the property prior to the lease up in order for the buyer to take advantage of the possible Opportunity Zone tax benefits (consult your tax professional, Broker makes no claims). Located in the red hot market of North Hollywood and surrounded by many restaurants and entertainment options the property will benefit from the continued growth of the area. NOHO has been one of the most in vogue markets and moving quickly towards being the new WEHO with rapid gentrification and development with countless projects being built and in planning including the 570,000 sq. ft. NOHO West which is a 5 minute drive from 6516 Vineland Avenue.

Investment Highlights

  • No Onsite Manager Required
  • Located in a Qualified Opportunity Zone
  • 7 Duplexes: Non-Rent Controlled Brand New Construction
  • 14 Total Two Level Townhomes Built in 2021
  • All Units are Spacious 3 Bed / 3.5 and 4 Bed / 3.5 Bath
  • Property may be delivered Prior to Lease Up for QOZ Benifits (Consult Accountant)

Exclusively Listed By

Financing By

Listing Price: $8,400,000

Cap Rate
5.59%
Number of Units
14
GRM
13.67
Occupancy
97.0%
Price/Unit
$600,000
Price/Gross SF
$359.59
Gross SF
23,360

Investment Highlights

  • No Onsite Manager Required
  • Located in a Qualified Opportunity Zone
  • 7 Duplexes: Non-Rent Controlled Brand New Construction
  • 14 Total Two Level Townhomes Built in 2021
  • All Units are Spacious 3 Bed / 3.5 and 4 Bed / 3.5 Bath
  • Property may be delivered Prior to Lease Up for QOZ Benifits (Consult Accountant)

Investment Overview

Construction Finalized Awaiting the C of O. Marcus & Millichap is pleased to present 14 bright and open townhome style units constructed in 2020 and located in North Hollywood, California. The buildings are comprised of 7 separate duplex structures featuring a unit mix of (8) 3 bedroom 3.5 bathroom Townhomes and (2) 4 bedroom/4 bathroom Townhomes. The large Townhomes feature high end finishes such as wood laminate flooring, designer tile backsplashes and stainless steel appliances. Each unit also features two parking spaces, central heat and air-conditioning, washer/dryer, dishwasher and garbage disposal. The property is located in an Opportunity Zone with Potential Tax Benefits if the property is held for a period of 7-10 years. The Seller may be able to deliver the property prior to the lease up in order for the buyer to take advantage of the possible Opportunity Zone tax benefits (consult your tax professional, Broker makes no claims). Located in the red hot market of North Hollywood and surrounded by many restaurants and entertainment options the property will benefit from the continued growth of the area. NOHO has been one of the most in vogue markets and moving quickly towards being the new WEHO with rapid gentrification and development with countless projects being built and in planning including the 570,000 sq. ft. NOHO West which is a 5 minute drive from 6516 Vineland Avenue.

Exclusively Listed By

Financing By

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