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Listed by Cheyenne Womack, DRE #02064825 • Myunits.com Inc.
$ 3,175,000
Est. payment /mo
New
5709 Auckland North Hollywood, CA 91601
6,216 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB26194694
Style Contemporary
Year Built 2024
Lot Size 6,216 Sqft
Source California Regional MLS
Property Description
5709 W Auckland is a 2024-built, NON-RENT-CONTROLLED luxury 5-unit investment opportunity located just minutes from the NoHo Arts District. The property is 100% leased at market rents and delivers a strong 5.94% real cap rate with $243,720 in annual gross potential income, offering an investor immediate, stabilized cash flow from day one. Spanning nearly 8,000 square feet, Auckland features an exceptional oversized unit mix with four large 4-bedroom units and one 2-bedroom unit. The residences range up to an impressive 2,146 square feet and feature spacious, tenant-friendly floorplans that live more like private homes than traditional apartments. Each unit offers high-end modern finishes including large kitchen islands, floor-to-ceiling windows, built-in closets, central HVAC, in-unit Samsung washers and dryers, and expansive private decks and balconies. The location provides tenants with convenient access to the NoHo Arts District and the surrounding Studio City, Toluca Lake, Burbank, and Hollywood employment and entertainment corridors. Nearby dining, retail, Metro access, and major studios including Universal Studios, Warner Bros., and The Walt Disney Company support a deep renter pool of working professionals seeking newer, higher-end housing in the Valley. With newe
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Rooms
Kitchen Dishwasher, Freezer, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Other, Washer, Dryer
Exterior
Garage Spaces 10.0
Pool None
View Local/Neighborhood
Building
Lot Description Grade - Level
Story Three or More Stories
Water District - Public
Architectural Style Contemporary
Others
Tax ID 2415025021
Special Listing Condition Not Applicable
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