Homes for sale - 5621 Klump AVE, North Hollywood, CA 91601

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Steven Shearrill

steven.shearrill@gmail.com +1(619) 368-7141

$ 2,750,000

Est. payment | -/mo

22 Beds

15 Baths

9,748 SqFt

Save

$ 2,750,000

Est. payment | -/mo

Save

22 Beds

15 Baths

9,748 SqFt

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 9,748 sqft

Price per Sqft $282

MLS Listing ID 25551355

Bedrooms 22

HOA Y/N No

Year Built 1987

Lot Size 0.266 Acres

Property Description

We are pleased to present 5621 Klump Avenue, a rare 9-unit 1987construction (not subject to LA RS0) value-add multifamily investment opportunity in the heart of North Hollywood, CA. This unique property is comprised of an excellent unit mix of (5) large two-story 3 Bed / 2 Bath units, (1) 2 Bedroom / 2 Bath unit, (2) 2 Bed / 1Bath Units, and (1) Studio. This fully occupied value-add investment opportunity presents approximately 53% rental upside potential. Built in 1987, the 9unit building does not fall under LA City RSO, but falls under California State AB1482, which allows for 5% + CPI annual increases (8.8% in2025). The property has been well maintained with a newly re-paved parking lot and driveway that is fully secured and gated. The parking lot includes 11 surface parking spaces and arear tuck under 3-car garage that is currently used as storage, presenting an excellent ADU conversion opportunity. The property is strategically located just north of Burbank Boulevard and just east of Lankershim Boulevard in the heart of North Hollywood, one of the SFV's most desirable rental locations. Tenants benefit from the property's walkability to the Metro Red Line, NoHo Arts District, boutique restaurants, retailers, and entertainment venues. 5621 Klump Avenue is a truly rare find and one of the lowest price per unit and price per square foot AB1482 opportunities in the entire San Fernando Valley.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Parking Features Concrete, Door-Multi, Driveway, Garage, Garage Door Opener, Gated

Garage Spaces 3.0

Garage Description 3.0

Pool None

Total Parking Spaces 14

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2337034036

Special Listing Condition Standard

Listed by Brandon Evans Lyon Stahl Investment Real Estate, Inc.

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(619) 368-7141

steven.shearrill@gmail.com

Learn More About LPT Realty