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5619 Satsuma Avenue, North Hollywood, CA 91601
$1,425,000
5619 Satsuma Avenue, North Hollywood, CA 91601View this property at 5619 Satsuma Avenue, North Hollywood, CA 91601
5619 Satsuma AvenueNorth HollywoodCA91601
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Property Description
The Satsuma Apartments is a remarkable apartment building, situated on a large 9,467 square foot lot, with 2 separate structures, consisting of 6 one bedroom one bathroom units. Located blocks away from the NoHo Arts District, the Satsuma Apartments make it a convenient location for renters to flock to. All units have various upgrades, with 2 parking spaces assigned for each unit, one of which includes a separate garage for each unit. Buyer can explore options of potentially converting these garages into ADU units, which will provide an additional source of income, and a stronger return on investment. From the 6 units, 4 of those units are part of the front structure, and the other remaining 2 units are part of the back structure, sitting on top of the 6 garage spaces. No soft-story retrofit required! Property is exempt from City of LA's soft-story requirement! Each unit has it's own water heater, essentially alleviating any gas bills for the owner to pay. The property is subject to Los Angeles rent control, and all rents are paid up-to-date by tenants. Annual gross income for the property is $93,287. Truly a great investment in a great location!
Full Property Details
Full Property Details for 5619 Satsuma Ave
General
- Sold For: $1,425,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 320005403
- Added to Site: 1, 135 day(s) ago
Interior
- Flooring: Carpet, Tile
Location
- Area: NHO - North Hollywood
- County: Los Angeles
- Development Name: NHO - North Hollywood
- Driving Directions: Cross Streets: Burbank
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Wall Furnace
Utilities
- # Water Meters: 1
- # Gas Meters: 6
- # Electric Meters: 7
Structural Information
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,880
- Year Built: 1952
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2173
- Lot Size Source: Public Records
- Zoning: LAR2
Financial Considerations
- Price Per Sq. Ft.: $367.27
- Price Per Unit: 237500
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Baboudjian Properties Inc., Hagop Baboudjian
Sold by First Team Real Estate, Nancy Aynehchi
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Schools
Schools serving 5619 Satsuma Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
10912 Oxnard St, N Hollywood, CA 91606 | K-5 | 0.4 mi | |
4525 Irvine Ave, N Hollywood, CA 91602 | 6-8 | 1.7 mi | |
5525 Vineland Ave, N Hollywood, CA 91601 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5619 Satsuma Ave
Date
Details
Price
Change
Source
6/08/2021
Sold
$1,425,000
-4.68%
MLS
3/18/2021
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5619 Satsuma Avenue, North Hollywood, CA 91601 (MLS# 320005403) is a Multi-Family property that was sold at $1,425,000 on June 08, 2021. Want to learn more about 5619 Satsuma Avenue? Do you have questions about finding other Multi-Family real estate for sale in North Hollywood? You can browse all North Hollywood real estate or contact a Coldwell Banker agent to request more information.