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6334 Beck ave

7 Unit Block of Flats £3,286,290 (£469,470/Unit) 6.20% Net Initial Yield North Hollywood, CA 91606

Investment Highlights

  • Opportunity zone! Potential major tax benefits (consult a CPA).
  • Highly desirable NoHo location! Close to NOHO west and NOHO arts district.
  • Spacious, bright and ideal unit mixes.
  • Projected cap rate of 6.2%
  • No rent control!
  • Spacious units with amazing open floorplans + Potential plans for additional ADU Garage conversion.

Executive Summary

We are proud to present 6334-6338 Beck Ave, to be delivered at closing as a 7-unit (6 + 1 ADU) brand new construction located in North Hollywood! This 7-unit is one of the few new construction properties that can be delivered prior to COFO allowing for the Buyer to take advantage of the Opportunity Zone tax advantages. Once fully leased we project an outstanding in- place CAP of 6.2%. At an amazing price per door of $600,000, this will be gone before you know it. Plus, all the units are SEPARATELY METERED for Electricity, and Gas, and SUBMETERED for water allowing for minimal expenses to the landlord. Premium design, and the ease of owning a hassle-free 2024 construction does not get any better! This property is made up of four large 4 bed, 4 bath tri-level townhome style units, two 3 beds, 3.5 bath tri-level townhome style units, and one 2 beds, 2 bath ADU unit. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features: stainless steel kitchen appliances, high ceilings, balconies off the living space and bedrooms, bright and airy with an ample number of windows allowing for maximum sun-light, vinyl floors, drought tolerant landscaping, GE stainless steel appliances, and more! Do not miss this extremely desirable building that will be highly sought out amongst renters for years to come.
Please contact Daniel with any questions or inquiries. He can be reached at 310-770-6247 or Daniel@DKBRealtyAdvisors.com
Disclaimer: All information has been secured from plans and sources we believe to be reliable. However, broker/agent make no representation or warranties, expressed or implied, as to the accuracy of the information provided, including square footage, lot size, permits, etc... Buyer is advised to independently verify the accuracy of this information through personal inspections and/or with appropriate professionals. Buyer bears all risk for any inaccuracies.

Property Facts

Price £3,286,290
Price Per Unit £469,470
Sale Type Investment
Net Initial Yield 6.20%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 12.28
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.21 AC
Building Size 9,271 SF
Average Occupancy 0%
Number of Floors 3
Year Built 2024
Opportunity Zone Yes
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code LAR3 (Multiple Dwelling Zone)
LAR3 (Multiple Dwelling Zone)
  • Listing ID: 33910705

  • Date on Market: 18/11/2024

  • Last Updated:

  • Address: 6334 Beck ave, North Hollywood, CA 91606

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