WOW!!! Newly renovated 8-unit, multifamily investment opportunity located at 5529 Bonner Avenue in North Hollywood, California. Located south of Burbank Boulevard, between Lankershim Boulevard and Vineland Avenue, this property benefits from its superior location within the NoHo Arts District - the premier live/work/play destination in the San Fernando Valley. The subject property was built in 1963, and consists of one (1) studio unit, six (6) one-bedroom/one-bathroom units, and one (1) two-bedroom/one-bathroom unit with a gross rentable area of approximately 4,576-square feet. The building features two (2) tuck-under parking stalls at the rear of the building, and six (6) additional parking stalls for a total of eight (8) parking spaces. Units are separately metered for gas and electric. Benefiting from an irreplaceable North Hollywood location, the subject property is just a short 5-minute walk (less than half a mile) to the North Hollywood Metro Station, providing residents with easy access to local collages, retail destinations, and major employers. This property falls within one of Los Angeles County's designated Qualified Opportunity Zone tracts.
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