7055 Coldwater Canyon Ave

North Hollywood, CA, 91605

$4,510,000

$289 per ft²
$4,510,000
$289 per ft²
Sold
Sold
beds
26 Beds
baths
26 Baths
carpenters-square
15,570 ft²
property_type
Multi-family
calendar
Built 1972
We are please to present the Canyon Manor Apartments. Built in 1972, the building consists of twenty-two (22) 1 bed/1 bath units and two (2) 2 bed/1 bath units. The building totals 15,570 gross square feet and sits on a 0.51-acre lot that is LAR3 zoned. The property features on-site parking, gated pool and a laundry facility. Canyon Manor Apartments is a value-add opportunity in which new ownership has an opportunity to increase rents by virtue of implementing a renovation program to the unit interiors. Current rents are approximately twenty-seven percent (27%) below market. This is an excellent opportunity for an investor who is looking for a value-add property in an emerging submarket with historically low vacancy rates. The property is conveniently located just a short walk from restaurants, cafes, grocery stores and large retail centers on Sherman Way. For nightlife options, the property is just a short drive away from bars, restaurants and other entertainment options located in the NOHO Arts District. Nearby employment hubs include Burbank, Glendale, Hollywood, Downtown Los Angeles and Warner Center. The property is located just a few blocks from the 170 freeway, and a short drive to 405, 5 and 101 freeways.
MLS ID:
21-780208
Listed:
9/2/21
Updated:
10/22/21
Coldwell Banker Realty
Barry Dantagnan

Interior Features

Kitchen Appliances
None
Total Bedrooms
26
Total Bathrooms
26
Cooling
Wall/Window

Exterior/Building Features

Lot Size
0.51 acres lot

Other Property Details

Attached Garage
Yes
Parking
Uncovered
Parking Total
37.0
County
Los Angeles
Total Stories
2
Zoning
LAR3

Property History

Date
Event
Price
Value
10/21/21
Sold
-
-
10/21/21
Price Change
$4,510,000
103%
10/4/21
Pending
-
-

 

Courtesy of Jeffrey Louks, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2021 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/22/21

Coldwell Banker Realty
Barry Dantagnan
Contact Agent