6926 Morella AVE, North Hollywood, CA 91605
6926 Morella AVE, North Hollywood, CA 91605
6926 Morella AVE, North Hollywood, CA 91605
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$3,195,000
Est. payment /mo
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17 Beds
21 Baths
7,932 SqFt
New

6926 Morella AVE North Hollywood, CA 91605

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Sean Glaze

Sean Glaze

+1(626) 975-4104

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,932 sqft

Price per Sqft $402

MLS Listing ID 26986171

Bedrooms 17

HOA Y/N No

Year Built 2021

Lot Size 7,906 Sqft

Property Description

Recently Built, Fully Leased Income Property, NO Lease-Up required | Non-RSO | No Rent Control. A rare find for investors who want proven year-over-year cash flow, not construction risk. 6926 Morella Avenue is a recently completed, 100%-leased 5-unit property generating $227,988 in current annual income, already stabilized from day one. Unlike a vacant new-construction building that may still require months of marketing, screening, and lease-up before stabilization, this property is cash-flowing now, with rents already within ~3% of market. Built for Minimal Landlord Involvement: Every unit is separately metered for utilities; tenants pay their own electric, gas, and water. Landlord responsibility is limited to property tax, insurance, and minimal gardening, made even lighter by pavers, concrete hardscape, and drought-tolerant landscaping throughout the nearly 8,000 SF lot. This is about as close to a hands-off operating expense structure as ground-up construction gets. Non-RSO, No Rent Control, SB 8 Exempt. As recently constructed housing, the property falls outside LA's Rent Stabilization Ordinance and carries no affordable-housing covenant restrictions, full rental rate freedom, with none of the entanglements that come with older buildings, covenant-encumbered affordable housing, or RSO-covered buildings. Three detached buildings, including one fully standalone unit, sit on an oversized ~8,000 SF lot with ample on-site parking, a genuine differentiator in an infill submarket where many comparable properties offer little or none. Units are townhouse-style with multiple private balconies and patios throughout. Ideal for 1031 exchange buyers who want documented, in-place income rather than a speculative lease-up; cost segregation buyers drawn to the high depreciable basis of new construction; and professionals and business owners who want a low-touch, low-opex asset in one of the San Fernando Valley's most in-demand rental submarkets, minutes from Universal Studios, Warner Bros., and the NoHo Arts District.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Interior Features Open Floorplan, Recessed Lighting

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan, Dryer, Washer

Laundry Inside, Laundry Closet, Stacked

Exterior

Parking Features Assigned, Covered, Door-Single, Electric Gate, Garage

Pool None

View Y/N No

View None

Total Parking Spaces 12

Private Pool No

Building

Story 3

Entry Level Three Or More

Sewer Sewer Tap Paid

Water Public

Architectural Style Modern

Level or Stories Three Or More

New Construction Yes

Others

Senior Community No

Tax ID 2321016017

Security Features Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Cesar Leyva Beverly & Company Luxury Properties #01490664

NEARBY SCHOOLS & PROPERTIES

Sean Glaze

Sean Glaze

Broker License ID: 01394201

+1(626) 975-4104

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