5709 Auckland, North Hollywood, CA 91601
sale
$3,175,000
|
Other
Courtesy Of Myunits.com
5709 W Auckland is a 2024-built, NON-RENT-CONTROLLED luxury 5-unit investment opportunity located just minutes from the NoHo Arts District. The property is 100% leased at market rents and delivers a strong 5.94% real cap rate with $243,720 in annual gross potential income, offering an investor immediate, stabilized cash flow from day one. Spanning nearly 8,000 square feet, Auckland features an exceptional oversized unit mix with four large 4-bedroom units and one 2-bedroom unit. The residences range up to an impressive 2,146 square feet and feature spacious, tenant-friendly floorplans that live more like private homes than traditional apartments. Each unit offers high-end modern finishes including large kitchen islands, floor-to-ceiling windows, built-in closets, central HVAC, in-unit Samsung washers and dryers, and expansive private decks and balconies. The location provides tenants with convenient access to the NoHo Arts District and the surrounding Studio City, Toluca Lake, Burbank, and Hollywood employment and entertainment corridors. Nearby dining, retail, Metro access, and major studios including Universal Studios, Warner Bros., and The Walt Disney Company support a deep renter pool of working professionals seeking newer, higher-end housing in the Valley. With newer construction, no rent control, fully stabilized market rents, oversized units, and strong day-one income, 5709 W Auckland offers a rare opportunity to acquire a turnkey multifamily asset in one of the Valley's most active rental markets.
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Property Features
- Age: 1-5 Years Old
- Appliance: Freezer
- Appliance: Electric Oven
- Appliance: Dishwasher
- Appliance: Microwave
- Appliance: Refrigerator
- Appliance: Disposal
- Appliance: Electric Range
- Architecture Style: Modern
- Building Units: 5
- Cooling System: Central Air
- Floor Covering: Laminate
- Floor Covering: Tile
- Floors: 3
- Heating System: Central
- MLSID: BB26194694
- Parking Spaces: 10
- Rooms: Bathroom 8
- Rooms: Bathroom 9
- Rooms: Bathroom 6
- Rooms: Bathroom 7
- Rooms: Laundry Room
- Rooms: Bathroom 4
- Rooms: Bathroom 5
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bathroom 14
- Rooms: Bedroom 7
- Rooms: Bathroom 13
- Rooms: Bedroom 6
- Rooms: Bathroom 16
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bathroom 15
- Rooms: Bathroom 10
- Rooms: Bedroom 9
- Rooms: Bathroom 12
- Rooms: Bedroom 8
- Rooms: Bathroom 11
- Rooms: Bathroom 17
- Rooms: Bedroom 10
- Rooms: Bedroom 14
- Rooms: Bedroom 13
- Rooms: Bedroom 12
- Rooms: Bedroom 11
- Rooms: Bedroom 18
- Rooms: Bedroom 17
- Rooms: Bedroom 16
- Rooms: Bedroom 15
- Rooms: Kitchen
- Rooms: Bathroom 1
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