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6945 Hinds Ave, North Hollywood, CA 91605

$1,880,000
20
BD
11
BA
8,382
SqFt
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Sold Price
$1,880,000
List Price
$1,880,000
Closing Date
May 14, 2026
MLS#
25525687
Year Built
1963
Bedrooms
20
Bathrooms
11
Living Sq. Ft
8,382
Lot Size
9,003
Days on Market
388
Property Type
Multifamily
Stories
2
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+1 213-447-3695

Property Description

Constructed in 1963, the property sits on a corner lot and contains mostly two-bedroom units. A new investor may be able to add significant value to the asset as current rents sit well below those of similar neighboring properties. With approximately 53% rent upside, the investment provides a long runway for future income growth. Fortunately for a new investor, the property's expensive seismic retrofit repairs have already been completed (Buyer to verify). The building also features upgraded electrical panels, vinyl windows, and an upgraded roof, helping the owner to save on maintenance, utility, and insurance costs. There is on-site parking for 12 vehicles, while the laundry facilities provide a supplemental income stream for the owner. Located near the intersection of Laurel Canyon Boulevard and Vanowen Street, the property allows tenants convenient access to the 5 and 170 Freeways. The recently constructed NOHO West shopping center sits just one mile from the property, offering a convenient shopping and dining destination for residents. In addition to the Trader Joe's, Nordstrom Rack, LA Fitness, and Regal Cinemas featured in that center, the local neighborhood also includes Costco, Home Depot, and Target.

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Courtesy of Marcus & Millichap, Roderick 'Rick' Raymundo - CA DRE#01357019 Selling Office: .

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