Mike Boyle Real Estate Broker - Berkshire Hathaway HomeServices Crest
1501 W. Magnolia Blvd.
Burbank , Ca 91506
6002 Klump is a brand new construction six unit in North Hollywood that is minutes from both the heart of the NoHo Arts District and the future home of NoHo West, an enormous mixed-use development project that is poised to take North Hollywood to a whole new level! The property is made up of two triplexes containing a total of 6 side-by-side townhome style units with private 2-car garages, individual walk ups, and 3 BALCONIES PER UNIT (one in the living room and two in the bedrooms!). With projected rents of $3,350-$3,450 per unit, the cap rate comes out to an unbeatable 5.45%, which is the best cap rate out there for a 6 unit building! Plus, you get all of this with NO RENT CONTROL, SEPARATE METERS for all utilities, minimal expenses, a 1 year fit-and-finish warranty, & the ease of owning a hassle-free 2019 construction!Each unit is made of 3 bedrooms, 2.5 bathrooms and an additional room on the bottom floor that can be used as an extra bedroom, office, storage, etc! The property is projected to be completed in July- get your offers in now!