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    5820 Craner Avenue

    North Hollywood, CA 91601
    • $1,435,000
    • STATUS: Coming Soon
    • ON SITE: 58 days
    • ON MARKET: 09/28/2020
    • ID#: BB20199063
    Coming Soon
    UPDATED: 59 min ago
    $1,435,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,382
      SQFT
    • $424
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2020
    County:

    School Ratings & Info

    Description

    Coming soon! Construction on this incredible SFR + ADU will be completed in mid-October! Check out the renderings for a peek at what's to come! Calling all 1031 buyers, investors looking for an outstanding return, owner occupiers, and individuals in need of a family compound+G- this impressive property is for ALL OF YOU! 5820 Craner is made up of two sleek, freestanding, 2-story modern residences on a 6,750 square foot lot in an excellent NoHo Arts location! The property features a massive 4 bedroom, 4 bathroom front house (a whopping 2,146 square feet), plus a 1,236 square foot 3 bedroom, 2.5 bathroom accessory dwelling unit!This is a rare and exciting opportunity to buy 2 brand new residences for an unheard of price of $717,500 a piece. New construction homes are selling for almost $900,000 nearby. This property is ideal for both owner occupiers and investors! Live in one of the luxurious homes and use the other to pay the majority of the mortgage! Or rent both units out for a projected cap rate of 5.05%!This one-of-a-kind property is located LESS than 5 minutes from both the heart of the NoHo Arts District and NoHo West! Upon completion, other notable features will include: fully enclosed yards, private patios, & large balconies for each home, high ceilings, thoughtfully designed, spacious floorplans, stainless steel appliances, manicured landscaping, washer/dryer hookups, chic bathrooms, immaculate kitchens, 2 garage parking spaces & 2 side-by-side driveway spaces.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T22:26:40.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

    www.twissrealty.com/homes/110498393
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    5820 Craner Avenue North Hollywood, CA 91601

    • Price: $1,435,000
    • Status: Coming Soon
    • Updated: 59 min ago
    • ID#: BB20199063
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,382
    SQFT
    $424
    $/SQFT
    2020
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Coming soon! Construction on this incredible SFR + ADU will be completed in mid-October! Check out the renderings for a peek at what's to come! Calling all 1031 buyers, investors looking for an outstanding return, owner occupiers, and individuals in need of a family compound+G- this impressive property is for ALL OF YOU! 5820 Craner is made up of two sleek, freestanding, 2-story modern residences on a 6,750 square foot lot in an excellent NoHo Arts location! The property features a massive 4 bedroom, 4 bathroom front house (a whopping 2,146 square feet), plus a 1,236 square foot 3 bedroom, 2.5 bathroom accessory dwelling unit!This is a rare and exciting opportunity to buy 2 brand new residences for an unheard of price of $717,500 a piece. New construction homes are selling for almost $900,000 nearby. This property is ideal for both owner occupiers and investors! Live in one of the luxurious homes and use the other to pay the majority of the mortgage! Or rent both units out for a projected cap rate of 5.05%!This one-of-a-kind property is located LESS than 5 minutes from both the heart of the NoHo Arts District and NoHo West! Upon completion, other notable features will include: fully enclosed yards, private patios, & large balconies for each home, high ceilings, thoughtfully designed, spacious floorplans, stainless steel appliances, manicured landscaping, washer/dryer hookups, chic bathrooms, immaculate kitchens, 2 garage parking spaces & 2 side-by-side driveway spaces.
    Exterior Features

    Architectural Style Modern Fence YN Yes Fencing New Condition Garage Spaces 2.00 Lot Features Front YardLandscapedLevel With StreetLevelNear Public TransitSprinklers Drip SystemYard Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Spa Features None Spa YN No Uncovered Spaces 2.00 View Neighborhood View YN Yes

    Interior Features

    Appliances DishwasherFreezerDisposalGas RangeMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area 1236 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateTile Heating Central Heating YN Yes Interior Features BalconyHigh CeilingsOpen FloorplanRecessed Lighting Laundry Features Gas Dryer HookupInsideWasher Hookup Levels Two Room Type KitchenLiving RoomMaster BathroomMaster BedroomTwo Masters

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 5.05 Community Features CurbsSidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 8000.00 Gross Multiplier 14.95 Gross Operating Income 93120.00 Gross Scheduled Income 96000.00 Insurance Expense 1353.00 Land Lease YN No Laundry YN Yes Maintenance Expense 1200.00 Net Operating Income 72517.00 New Construction YN Yes New Taxes Expense 16850.00 Number Of Separate Electric Meters 2 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Number With Dishwasher 2 Number With Disposal 2 Number With Range 2 Number With Refrigerator 2 Operating Expense 20603.00 Property Condition Turnkey Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Taxes Percent 1.17 Tenant Pays All Utilities Total Expenses 20603.00 Trash Expense 0.00 Vacancy Allowance 2880 Water Sewer Expense 0.00 Water Source Public Year Built Source Builder

    Listing provided courtesy of Elizabeth Maddox of The 2-4 Unit Specialists and Ian Maddox of The 2-4 Unit Specialists


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-27T22:26:40.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

     
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