11240 Peach Grove St
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11240 Peach Grove St
3 Unit Apartment Building $2,807,955 CAD ($935,985 CAD/Unit) 4.33% Cap Rate North Hollywood, CA 91601
Executive Summary
R3 ZONED NOHO TRIPLEX on a prime, flat corner lot in the highly desirable NoHo Arts District with Plans for an additional 750 SF ADU which can be easily rented out for an additional yearly income of approximately $50k! This property consists of three classic California bungalows: a duplex with two 2-bedroom, 1-bath units facing Peach Grove St., and a freestanding 2-bedroom, 2-bath unit facing Klump St. The bungalows are connected by a newly paved, enclosed common area, along with a garage that can accommodate a small vehicle or serve as additional storage. The well-maintained grounds offer great potential for long-term investment. Ideally located near West Toluca Lake & a short drive from Hollywood, with easy access to restaurants, shopping, spas, gyms, art galleries, and more!
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $2,807,955 CAD | Property Subtype | Apartment |
| Price Per Unit | $935,985 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.33% | Building Size | 6,720 SF |
| Gross Rent Multiplier | 18.03 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1930 |
| Property Type | Multifamily |
| Price | $2,807,955 CAD |
| Price Per Unit | $935,985 CAD |
| Sale Type | Investment |
| Cap Rate | 4.33% |
| Gross Rent Multiplier | 18.03 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,720 SF |
| No. Stories | 1 |
| Year Built | 1930 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
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Walk Score ®
Walker's Paradise (90)
zoning
| Zoning Code | LAR3 |
| LAR3 |
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Gabe Ostrow -
Ridge Realty
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11240 Peach Grove St
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