$1,435,000

5820 Craner Avenue

North Hollywood CA, 91601

Description

Calling all 1031 buyers, investors looking for an outstanding return, owner occupiers, and individuals in need of a family compound this impressive property is for ALL OF YOU! 5820 Craner is made up of two sleek, freestanding, 2-story modern residences on a 6,750 square foot lot in an excellent NoHo Arts location! The property features a massive 4 bedroom, 4 bathroom front house (a whopping 2,146 square feet), plus a 1,236 square foot 3 bedroom, 2.5 bathroom accessory dwelling unit!This is a rare and exciting opportunity to buy 2 brand new residences for an unheard of price of $717,500 a piece. New construction homes are selling for almost $900,000 nearby. This property is ideal for both owner occupiers and investors! Live in one of the luxurious homes and use the other to pay the majority of the mortgage! Or rent both units out for a projected cap rate of 5.05%!This one-of-a-kind property is located LESS than 5 minutes from both the heart of the NoHo Arts District and NoHo West! Other notable features include: walk-in closets with impressive built-in cabinetry, enormous yards and patios, large balconies for each home, high ceilings, thoughtfully designed, spacious floorplans, stainless steel appliances, manicured landscaping, washer/dryer hookups, chic bathrooms, immaculate kitchens, 2 garage parking spaces and 2 side-by-side driveway spaces.

Details

MLS#BB20199063
Listing TypeFor Sale
Sub-TypeResale
StatusPending
Year2020
Days On Site153

Features

SQ Feet3,382
Garage2
Story(s)2
Acreage0.16
Water FrontNo
Property ViewYes
Loading Form
Loading Form
Area Information
StateCA
CountyLos Angeles
CityNorth Hollywood
Zip Code91601
AreaNHO - North Hollywood
Listing VS Median (in 91601)
Price:
$1,435,000
low | high
Med:
$4,195
100% of Average
SqFt:
3,382
low | high
Med:
1,600
100% of Average
$ / SqFt:
$424
low | high
Med:
$3
100% of Average
On Site:
153
low | high
Med:
144
100% of Average
Listing Updated: February 9, 2021 2:32:24 PM PST
Elizabeth Maddox LogoMLS Number: BB20199063
Listing Provided By:
Elizabeth Maddox  of  The 2-4 Unit Specialists
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.