Whether you choose to build the ADUs and sell for a profit or retain the property for long-term income, the potential is substantial. With 6 units occupied and 1 vacant, a path to achieving a 5.6% gross rate, this investment offers immediate returns and significant upside. Presenting a rare opportunity to acquire a well-maintained 7-unit, 2 story residential building in the heart of North Hollywood. This 4,081 sq. ft. property is situated on a 7,882 sq. ft. lot, with each unit featuring a 1-bedroom, 1-bathroom layout. The uniform floor plans offer operational efficiency and broad appeal to a diverse tenant base, ensuring ease of management. Zoned LARD1.5, this property provides exciting development potential, making it an ideal blend of immediate cash flow and long-term growth prospects. Units are leased with dependable tenants, providing steady cash flow and peace of mind. Plans have been submitted to add two Additional Dwelling Units (ADUs) at the rear, presenting a compelling value-add opportunity.
Property Details
Property Features
Property Information:
Year Built: 1951
Stories: 2
Listing Office:
Office Name: Keller Williams Coastal Properties
Office Phone: (424) 653-0560
Listing Agent: Shira Dunn
Interior Features
Interior Information:
Appliances: Dryer, Washer
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Garage Space: 4 spaces
Lot Features
Lot Information:
Lot Size: 0.18 Acres
Other
Directions Information:
Directions: East of Laurel Canyon and North of Vanowen
Price Information
Listing Price Info
Price Summary:
List Price: $1,450,000
Tax Information:
Annual Amount: $4,622
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $428.4K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SR24217608
Listing Office:
Office Name: Keller Williams Coastal Properties
Office Phone: (424) 653-0560
Listing Agent: Shira Dunn
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Aug 06, 2021
Aug 06, 2021Home Sold
$1,200,000
Nov 12, 1993
Nov 12, 1993Home Sold
$37,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$4,622
$314,026
2020
$4,504
$310,808
2019
$4,388
$304,714
2018
$4,261
$298,740
2017
$4,261
$292,884
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Bellingham Elementary
6728 Bellingham Ave
Distance between this listing and this school0.37 miles
Public District Grades KG-5
5
/10
Victory Boulevard Elementary School
6315 Radford Ave
Distance between this listing and this school0.65 miles
Public District Grades KG-5
2
/10
Camellia Avenue Elementary School
7451 Camellia Ave
Distance between this listing and this school0.92 miles
Public District Grades KG-5
Nearby Schools
4
/10
Roy Romer Middle School
6501 Laurel Canyon Blvd
Distance between this listing and this school0.45 miles
Public District Grades 6-8
6
/10
Isana Palmati Academy
6501 Laurel Canyon Blvd
Distance between this listing and this school0.46 miles
Public Charter Grades KG-8
4
/10
Sun Valley Magnet
7330 Bakman Ave
Distance between this listing and this school1.06 miles
Public Magnet Grades 6-8
Nearby Schools
6
/10
Ulysses Grant High School
13000 Oxnard St
Distance between this listing and this school1.76 miles
Public District Grades 9-12
2
/10
Jack London Continuation
12924 Oxnard St
Distance between this listing and this school1.80 miles
Public District Grades 9-12
2
/10
Jack London Community Day
12924A Oxnard St
Distance between this listing and this school1.80 miles
The neighbors living near this home have an average income of $30,833. Most Los Angeles, CA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6827 Radford Ave
What is the listing price of this property?
The listing price of 6827 Radford Ave property is $1,450,000.
What type of property is this?
The property 6827 Radford Ave is a condo located in North Hollywood, California, 91605.
Is this property for sale now?
Active Listing: 6827 Radford Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $4,622 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on August 6, 2021 for $1,200,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 6827 Radford Ave is 1951.
This home is located at 6827 Radford Ave in North Hollywood, CA and zip code 91605 in the North Hollywood neighborhood. This home, which was built in 1951, sits on a 0.18 acre lot. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $1,450,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.