5853 Vineland Avenue, North Hollywood, CA 91601
List Price: $2.42M
Listing Status: Active
0Days on Market: 0
11 Bedrooms · 10 Bathrooms · 4,270 sq ft
Property Type: ResidentialIncome
Year Built: 2021
Lot Size: 5,000 sq ft
MLS Number: 26849867
About This Property
Currently operating as a successful Airbnb with a strong rental history. Seller-provided financials reflect strong cash flow with an estimated CAP RATE of 6.65%! This is a rare newer-construction fourplex, certificate of occupancy was issued in 2023 and thoughtfully designed across two separate buildings in the heart of North Hollywood. Featuring approximately 4,270 square feet of living space on a 5,000 square foot lot, this exceptional investment opportunity offers a desirable unit mix of spacious two- and three-bedroom residences designed to meet today's rental demand. Each unit showcases contemporary finishes, open-concept living spaces, large in-unit washer and dryers, separate utility metering, and private outdoor areas, creating an attractive living experience for both short-term and long-term tenants. The gated property offers eight parking spaces and low-maintenance newer construction, providing investors with a turnkey asset and reduced future capital expenditures. Ideally located just minutes from NoHo West, the NoHo Arts District, Universal Studios, major employment centers, dining, entertainment, and convenient transportation options, the property benefits from strong rental demand and continued neighborhood growth. Whether you're seeking a high-performing income property, a 1031 exchange opportunity, or a long-term hold in one of Los Angeles' most dynamic rental markets, 5853 Vineland Ave delivers the perfect combination of modern construction, prime location, and investment potential.
Listing provided by: Brian Wall DRE #02175989 424-249-7162 brian@ciresocal.com, Christie's International Real Estate SoCal