North Hollywood, CA 91601,5653 Bakman AVE
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North Hollywood, CA 91601,5653 Bakman AVE
North Hollywood, CA 91601,5653 Bakman AVE
North Hollywood, CA 91601,5653 Bakman AVE
North Hollywood, CA 91601,5653 Bakman AVE

$810,000

Est. payment /mo

$1,050,000

22.9%
Est.Price: ?

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5653 Bakman AVE North Hollywood, CA 91601

4,762 SqFt

SOLD DATE : 08/30/2024

Key Details

Sold Price $810,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 4,762 sqft

Price per Sqft $170

MLS Listing ID SR24064387

Sold Date 08/30/24

HOA Y/N No

Year Built 1951

Lot Size 8,102 Sqft

Property Description

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. This covenant limits how much you can charge for market rent once a unit becomes vacant.

***Property must be sold with 5640 Bakman Ave in North Hollywood***

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Pool None

Community Features Street Lights, Suburban, Urban, Valley

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2337039012

Energy Description 2800.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by James Antonucci • Keller Williams Realty-Studio City • 818-381-6601
Bought with James Antonucci • Keller Williams Realty-Studio City

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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