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    6032 Craner Avenue

    North Hollywood, CA 91606
    • $2,550,000
    • STATUS: Active
    • ON SITE: 8 days
    • MLS #: BB21006326
    UPDATED: 33 min ago
    $2,550,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,178
      SQFT
    • $413
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    6032 Craner Ave is a sleek, beautifully designed new construction fourplex that is made up of two standalone 2-story duplexes. This easy to manage fourplex will provide investors an unbeatable projected cap rate of 5.32%. In addition to the high return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1 year builder+GGs warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. Not to mention, 6032 Craner is located 5 minutes from both the heart of the NoHo Arts District and NoHo West. The property is made up of two 4 bedroom, 3 bathroom units with pro forma rents between $3,900-$4,000, one 3 bedroom, 3 bathroom unit with a pro forma rent of $3,600, and one 3 bedroom, 2 bathroom unit with a pro forma rent of $3,500. The units will feature: washer/dryers in each unit, stainlesssteel appliances, high quality finishes, custom unique tilework, upscale modern kitchens, stunning bathrooms, and extremely spacious floor plans! There are four garage parking spaces on site as well as four additional exterior parking spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T20:30:19.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113214787
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    6032 Craner Avenue North Hollywood, CA 91606

    • Price: $2,550,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: BB21006326
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,178
    SQFT
    $413
    $/SQFT
    2020
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    6032 Craner Ave is a sleek, beautifully designed new construction fourplex that is made up of two standalone 2-story duplexes. This easy to manage fourplex will provide investors an unbeatable projected cap rate of 5.32%. In addition to the high return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1 year builder+GGs warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. Not to mention, 6032 Craner is located 5 minutes from both the heart of the NoHo Arts District and NoHo West. The property is made up of two 4 bedroom, 3 bathroom units with pro forma rents between $3,900-$4,000, one 3 bedroom, 3 bathroom unit with a pro forma rent of $3,600, and one 3 bedroom, 2 bathroom unit with a pro forma rent of $3,500. The units will feature: washer/dryers in each unit, stainlesssteel appliances, high quality finishes, custom unique tilework, upscale modern kitchens, stunning bathrooms, and extremely spacious floor plans! There are four garage parking spaces on site as well as four additional exterior parking spaces.
    Exterior Features

    Architectural Style Modern Fence YN Yes Fencing New Condition Garage Spaces 4.00 Lot Features LandscapedLevel With StreetLevelSprinklers Drip System Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Uncovered Spaces 4.00

    Interior Features

    Appliances DishwasherFreezerDisposalGas RangeMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1601 Average3 Bed Area Units Square Feet Common Walls 1 Common WallNo One AboveNo One Below Cooling Central Air Cooling YN Yes Flooring LaminateTile Heating Central Heating YN Yes Interior Features BalconyOpen FloorplanRecessed Lighting Laundry Features Dryer IncludedInsideWasher Included Levels Two Room Type KitchenLiving RoomMaster BathroomMaster Bedroom

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.37 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 300.00 Elevation Units Feet Gardener Expense 600.00 Gross Income 15000.00 Gross Multiplier 14.17 Gross Operating Income 172800.00 Gross Scheduled Income 180000.00 Insurance Expense 2471.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1600.00 Net Operating Income 136926.00 New Construction YN Yes New Taxes Expense 30603.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 5 Number Of Units Leased 0 Number With Dishwasher 4 Number With Disposal 4 Number With Range 4 Number With Refrigerator 4 Operating Expense 35874.00 Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Taxes Percent 1.20 Total Expenses 35874.00 Trash Expense 0.00 Vacancy Allowance 7200 Water Sewer Expense 300.00 Water Source Public Year Built Source Builder Zoning Lard1.5

    Listing provided courtesy of Elizabeth Maddox of The 2-4 Unit Specialists and Ian Maddox of The 2-4 Unit Specialists


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-21T20:30:19.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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