5959 Irvine Avenue is the most charming triplex in North Hollywood! For an unbelievable price of $625,000, these adorable side-by-side cottages will go lightening fast. This triplex is situated half a mile from NoHo West, the gorgeous mixed-use lifestyle center that is opening in 2019 on Oxnard St at the old Laurel Plaza site. We project that this development will massively expand North Hollywood's gentrification, which is already evident in the NoHo Art's District. The owner has put a lot of love and care into this property. Amenities/updates include: copper plumbing, electrical wiring redone in 2011, sewer line to street redone after 2000, roof redone after 2000, three 1-car garages, and a shared yard behind the units. Also notable is the fact that this is a corner lot. ACT FAST! Pro forma cap rate on this deal is a whopping 6.53%. Not to mention, price per unit is a low $208,333!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
