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5060 Bakman Avenue
USD 3,100,000
Property ID: 23307309
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5060 Bakman Avenue ,91601
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icon 11250 SqFt
icon Built in 1962
icon USD 276/SqFt
icon 14 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
14
Bathrooms
0
Interior Size
6900
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1962
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Detailed Introduction Of This Home
5060 Bakman Avenue is a rare 14-unit multifamily property spanning 6,900 SF, located in the vibrant heart of North Hollywood. The unit mix comprises (14) 1 Bed + 1 Bath units, with 3 units delivered vacant, providing potential for immediate occupancy or strategic repositioning. Located on an 11,250 SF lot and Zoned LAR4 within a TOC zone, paves the way for potential development opportunities. For added convenience, the property also features 14 assigned parking spaces on a large, paved parking lot, and an on-site laundry room.The property provides the opportunity to reposition and upgrade the apartment building to capture premium market rents. Once stabilized, investors can anticipate an 8%+ Cap Rate and a 13.8 +/- GRM. With the potential to scale operations and optimize expenses, there's a tangible opportunity to achieve an even higher rate of return. This makes 5060 Bakman Avenue a valuable addition to any savvy investor's portfolio, especially in the highly coveted NOHO district, which consistently witnesses rental growth and attracts a steady influx of new residents each year.Residents are drawn to this North Hollywood enclave for its trendy dining spots, as well as its eclectic shopping destinations and abundant local employment opportunities. The property's location ensures residents have unparalleled access to parking and public transportation, facilitating seamless commutes to prominent areas like Studio City, Valley Village, Toluca Lake, Hollywood, Universal City, DTLA, and Sherman Oaks.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (23)
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5060 Bakman Avenue
USD 3,100,000 14 Beds
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