Filip Niculete
This listing was posted on RealtyWW.
$2,600,000
Aqua Vista St, North Hollywood, Home For Sale
Price:
$2,600,000
BR/BA:
10+ BA
Location:
11143 Aqua Vista St, North Hollywood, CA
Description:
We are proud to present The Pink Flamingo, a classic 10-unit multifamily property located at 11143 Aqua Vista Street in the highly desirable Studio City neighborhood. This property is subject to LA City's Rent Control (RSO), and this is the first time the property has been listed for sale in over 35 years.Built in 1957, this Mid-Century Modern dingbat-style building consists of 8 one-bedroom, one-bath units and 2 two-bedroom, one-bath units. All units are currently occupied with all tenants paying their rent in full and on time. Furthermore, this investment offers a buyer the opportunity to capitalize on nearly 35% upside potential in rental income.The property spans 6, 895 square feet on a lot of 8, 531 square feet and includes on-site amenities such as a pool, laundry facilities, parking, and air conditioning in most units. Recent upgrades to the property include a brand new 400 AMP electrical system with subpanels for each unit, soft-story retrotting completed in 2018, and a full roof replacement in 2017, ensuring a solid investment for the future.Most units have been carefully restored, showcasing gleaming solid hardwood oors, designer kitchens with gray cabinets, quartz countertops, and vintage-inspired pink and gray bathroom tiles. The property maintains its Mid-Century charm while offering modern conveniences like updated appliances, instant hot water, and ample closet space. With a strong walkability score of 71, tenants will enjoy the proximity to popular destinations such as Universal Studios, Warner Brothers, and trendy Tujunga Village, which boasts a variety of restaurants, cafes, and boutique shops.The Studio City location makes The Pink Flamingo an attractive investment for potential buyers. Known for its blend of quiet residential streets and easy access to major freeways and entertainment hubs, this area is ideal for tenants seeking a balance of suburban tranquility and urban convenience. Its proximity to major studios, along with the appeal of the surrounding upscale neighborhoods, ensures a steady demand for rentals, making it a stable and lucrative investment opportunity.For more details: https://realtyww.info/homes_north-hollywood-d200075/for-sale_i76407033
Property Type:
Single-Family Houses
Sq feet:
531 sq. ft.
Amenities:
AC, Parking, Pool
Posted:
September 27 on RealtyWW
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More About this Listing: Aqua Vista St, North Hollywood, Home For Sale
Aqua Vista St, North Hollywood, Home For Sale is a 10 Bathroom, 10+ BA Single-Family Homes for Sale at 11143 Aqua Vista St in North Hollywood CA. Find other listings like Aqua Vista St, North Hollywood, Home For Sale and listings near 11143 Aqua Vista St by searching Oodle Classifieds for 10 Bathroom, 10+ BA Single-Family Homes for Sale in North Hollywood CA.
Aqua Vista St, North Hollywood, Home For Sale is a 10 Bathroom, 10+ BA Single-Family Homes for Sale at 11143 Aqua Vista St in North Hollywood CA. Find other listings like Aqua Vista St, North Hollywood, Home For Sale and listings near 11143 Aqua Vista St by searching Oodle Classifieds for 10 Bathroom, 10+ BA Single-Family Homes for Sale in North Hollywood CA.