5709 Auckland Avenue

North Hollywood, CA 91601

$3,295,000
Price
18
Beds
17
Baths
7,947 Sq. Ft.
$415 / Sq. Ft.
7,947
Sq. Ft.
$415
per Sq. Ft.

Description

5709 Auckland Ave! Presenting an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.66% pro-forma cap rate, offering investors solid returns in a sought-after location. Offering 5 generously sized units for a total of 18 bedrooms and 17 bathrooms throughout. All 5 units feature large bedrooms and living spaces, open floor plans, and massive windows that flood the space with natural light. Every unit is...5709 Auckland Ave! Presenting an exceptional investment opportunity in North Hollywood, immediately adjacent to the City of Burbank! This expansive property boasts an impressive 5.66% pro-forma cap rate, offering investors solid returns in a sought-after location. Offering 5 generously sized units for a total of 18 bedrooms and 17 bathrooms throughout. All 5 units feature large bedrooms and living spaces, open floor plans, and massive windows that flood the space with natural light. Every unit is equipped with custom-designed kitchens, offering a luxurious and modern living experience. The photos speak for themselves! The property includes 8 dedicated parking spaces, all carports, ensuring convenient parking for tenants, an essential feature in the bustling North Hollywood area. Location is a major highlight: just minutes away from the NoHo Arts District, offering tenants easy access to a vibrant neighborhood full of theaters, art galleries, trendy restaurants, and cafes. The property is adjacent to the City of Burbank, giving close access to all Burbank as to offer. It's also near major studios like Universal and Warner Bros., making it attractive to entertainment industry professionals. Additionally, the property is conveniently located close to the Metro Red Line, providing easy access to Downtown LA and surrounding areas. With its spacious units, modern amenities, and prime location, this property is positioned for long-term growth and steady rental demand in one of LA's hottest markets. Don't miss out on this rare opportunity to invest in a high-performing asset in the heart of North Hollywood!
  1. Listed by Michael Fitzgerald • DRE #02016898 • Brokerage DRE #01268376 • Power Brokers
  2. Listed by Isaac Davidi • DRE #01819489 • Brokerage DRE #01819489 • On Track Property

Property Details for 5709 Auckland Avenue

Zoning
LAC2
Parcel Number
2415025021
Total Units
5.0
Living Area
7947
Source Living Area
Plans
Area
North Hollywood (NHO)
Vacancy Rate
100%
Lot Size Area
6216
LISTING UPDATED: 01/02/2025 09:09 AM

Property Details for 5709 Auckland Avenue

StatusActive
MLS #24-463773
Days on Market71
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.14 AC / 6,216 SF
CountyLos Angeles County

Building Information for 5709 Auckland Avenue

Stories3Residences-Year Built2024Building Size-Lot Size0.14 AC / 6,216 SF

Property Information for 5709 Auckland Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Townhomes
  • Property Condition: New Construction
  • Water: Public
  • Water Heaters: Yes
  • Water Heater Features: Tankless
Contract Info
Contract Info
  • Disclosures: Owner Has R.E. License, Owner Is Listing Agent
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $243,000
  • Net Operating Income: $186,680.00
  • Gross Income: $243,000
  • Cap Rate: 5.66%
  • Gross Rent Multiplier: $13.55
  • Total Annual Expense: 58320
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1427
  • Lot Size Square Feet: 6216
Parking Details
Parking Details
  • Parking Garage: Carport, Carport Attached
  • Total Parking: 8
  • Parking Features: Carport, Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Multi/Split, One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Flooring: Laminate
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: Yes
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-20-2024
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 3
  • Unit Furnished: No
  • Unit Rent: $4,100.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,100.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 5
  • Unit Furnished: No
  • Unit Rent: $4,600.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,600.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,400.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,400.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,400.00
  • Like Units: 5
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $61,200.00
  • Assessed Improvement Percent: 8.0
  • Assessed Land Value: $703,800.00
  • Assessed Land Percent: 92
  • Assessed Total Value: $765,000.00

Property History for 5709 Auckland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5709 Auckland Avenue

Taxable ValueLand$717,876Additions$62,424Total$780,300
Tax Record2024$9,635 ($803 / month)
Home Facts
Beds2Total Finished SqFt1,222 SqFtAbove Grade Finished SqFt1,222 SqFtLot Size6,214 SqFtStyleSingle Family ResidenceYear Built1927ZoningLAC2CountyLOS ANGELESAPN2415-025-021

Schools near 5709 Auckland Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Oxnard Street Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

5709 Auckland Avenue is a multi-family home for sale in North Hollywood, CA 91601. This property was listed for sale on November 20, 2024 by Power Brokers, it's currently listed at $3,295,000. It has been on the market for a total of 71 days and was last sold on February 10, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Oxnard Street Elementary School, Walter Reed Middle School and East Valley Senior High School. 5709 Auckland Avenue is a 18-bed, 17-bath, 7,947 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Power Brokers, Michael Fitzgerald, DRE #02016898; On Track Property, Isaac Davidi, DRE #01819489

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.