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$ 3,500,000
Est. payment | /mo
15 Beds
6,956 Sqft Lot
$ 3,500,000
Est. payment | /mo
15 Beds
6,956 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB25268150
Bedrooms 15
Lot Size 6,956 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
TURNKEY NEW CONSTRUCTION 5-UNIT IN TOLUCA LAKE AREA FULLY OCCUPIED, $20,250/MO RENT COLLECTION - Introducing 5218 Auckland Ave, a brand-new luxury 5-unit property located in the highly desirable Toluca Woods/Toluca Lake pocket of North Hollywoodjust moments from Magnolia Park, the NoHo Arts District, studios, shopping, dining, and transit. This charming, tree-lined enclave attracts long-term, high-quality tenants seeking a neighborhood feel with ultimate convenience. Offered at $3,500,000, this NON-RENT-CONTROLLED, fully leased asset delivers $20,250/month in collected rents, making it a rare stabilized new construction investment in one of LAs most competitive rental markets. Even bettertenants pay ALL utilities, keeping operating expenses extremely low. This 2-story luxury build consists of double duplexes plus a stand-alone unit, each designed with modern architecture and premium amenities. Residences feature open-concept layouts, private balconies, top-floor primary suites, large energy-efficient windows, high-end finishes, stainless-steel appliances, central AC/HVAC, and custom mini blinds throughout. Unit Mix: (1) 5 bed / 5 bath (1) 4 bed / 4.5 bath (2) 3 bed / 3.5 bath (1) 2 bed / 2.5 bath. Additional highlights include 8 assigned parking spaces + 1 bonus spot, tenant-preferred layouts with spacious living areas, and the peace of mind of a 1-year builder warranty. Located near Toluca Lake Village, Magnolia Park, and the NoHo Arts District, this area experiences minimal turnover and commands premium rental ratesmaking this an ideal high-yield, low-maintenance investm
Location
State CA
County Los Angeles
Zoning Builder
Direction Online directions
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 2417005008
Listed by XIO SANDOVAL CENTURY 21 REALTY MASTERS