The subject property represents an excellent value-add upside opportunity through improved management and cosmetic rehab. The subject property consists of three separate buildings, which contain a total of Seven Units. There is a 4 bedroom 1.5 bath house located at the front of the property and two buildings located behind the house comprised of three 2 bedroom 1 bathroom townhouses each (total of Six Townhouses). The buildings are separately metered for both gas and electricity. In addition, the house pays for its own water and the trash for the entire property. There is ample off street parking for all the tenants located in the front of the building and the house has its own 2+ car garage.

Location Description:

The subject property is located in Los Angeles County in the North Hollywood sub-market. It is located between Laurel Canyon Boulevard and Lankershim Boulevard, just north of Sherman Way. The subject property is ideally located in close proximity to the freeways and the Bob Hope Airport. Strong rent potential in comparison to the surrounding San Fernando Valley markets.

Highlights:

>> Seven Units with Excellent Mix Consisting of (6) 2 Bedroom 1 Bath Townhouses and a Separate House with 4 Bedrooms and 1.5 Bathrooms

>> Over 7% Upside in Rents

>> Ample Off-Street Parking

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Sales Info:

>> Commision split: 3.0%