6843 Agnes, North Hollywood, CA 91605

Property Description

This multi-unit investment property is located in North Hollywood and was built in 2005. The property consists of five spacious three-bedroom, two-bathroom units, each approximately 960 square feet, with a total building size of approximately 5,830 square feet situated on an 8,084-square-foot lot. Each unit offers central air conditioning, appliances, and two surface parking spaces, providing convenient and comfortable living for tenants. The property also features an onsite laundry facility, creating an additional source of income. A unique value-add opportunity is the approximately 690 SF storage area, which may have potential for conversion into an ADU, subject to buyer verification. In addition, the rear parking area may offer further development potential for up to four additional ADUs, also subject to buyer verification and applicable city requirements. For reference, a nearby property approximately two buildings away with a similar layout is currently converting its rear parking area into four ADUs, highlighting the potential upside at the subject property. With its newer construction, desirable unit mix, ample parking, and potential for additional income, 6843 Agnes Ave. presents an attractive multifamily investment opportunity in North Hollywood.