6945 Hinds Avenue, North Hollywood, CA 91605
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
6945 Hinds Avenue,North Hollywood, CA 91605
$2,000,000
- 20 Beds
- 11 Baths
- 8,382 sq. ft.
- Multi-family
- Active
Listed by:roderick 'rick' raymundo
Office:marcus & millichap
MLS#:25525687
Source:CRMLS
Price summary
- Price:$2,000,000
- Price per sq. ft.:$238.61
About this home
Constructed in 1963, the property sits on a corner lot and contains mostly two-bedroom units. A new investor may be able to add significant value to the asset as current rents sit well below those of similar neighboring properties. With approximately 62% rent upside, the investment provides a long runway for future income growth. Fortunately for a new investor, the property's expensive seismic retrofit repairs have already been completed (Buyer to verify). The building also features upgraded electrical panels, vinyl windows, and an upgraded roof, helping the owner to save on maintenance, utility, and insurance costs. There is on-site parking for 12 vehicles, while the laundry facilities provide a supplemental income stream for the owner. Located near the intersection of Laurel Canyon Boulevard and Vanowen Street, the property allows tenants convenient access to the 5 and 170 Freeways. The recently constructed NOHO West shopping center sits just one mile from the property, offering a convenient shopping and dining destination for residents. In addition to the Trader Joe's, Nordstrom Rack, LA Fitness, and Regal Cinemas featured in that center, the local neighborhood also includes Costco, Home Depot, and Target.
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Home facts
- Year built:1963
- Listing ID #:25525687
- Added:163 day(s) ago
- Updated:September 26, 2025 at 10:31 AM
Rooms and interior
- Bedrooms:20
- Total bathrooms:11
- Living area:8,382 sq. ft.
Structure and exterior
- Year built:1963
- Building area:8,382 sq. ft.
- Lot area:0.21 Acres
Finances and disclosures
- Price:$2,000,000
- Price per sq. ft.:$238.61
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