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USACANorth Hollywood5621 Klump Ave
5621 Klump Ave, Home with 22 bedrooms, 15 bathrooms and 14 parking in North Hollywood CA | Image 1
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$2,750,000

5621 Klump Ave, North Hollywood, CA

Real Estate

For Sale

$--,---,---
221514
  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 9748 sqft
Garage Yes
Maintenance Fees 
Taxes 
Days Active 4
Approx. Age 1987
Avg. Price Per Sqft $282
MLS® Number 25551355

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present 5621 Klump Avenue, a rare 9-unit 1987construction (not subject to LA RS0) value-add multifamily investment opportunity in the heart of North Hollywood, CA. This unique property is comprised of an excellent unit mix of (5) large two-story 3 Bed / 2 Bath units, (1) 2 Bedroom / 2 Bath unit, (2) 2 Bed / 1Bath Units, and (1) Studio. This fully occupied value-add investment opportunity presents approximately 53% rental upside potential. Built in 1987, the 9unit building does not fall under LA City RSO, but falls under California State AB1482, which allows for 5% + CPI annual increases (8.8% in2025). The property has been well maintained with a newly re-paved parking lot and driveway that is fully secured and gated. The parking lot includes 11 surface parking spaces and arear tuck under 3-car garage that is currently used as storage, presenting an excellent ADU conversion opportunity. The property is strategically located just north of Burbank Boulevard and just east of Lankershim Boulevard in the heart of North Hollywood, one of the SFV's most desirable rental locations. Tenants benefit from the property's walkability to the Metro Red Line, NoHo Arts District, boutique restaurants, retailers, and entertainment venues. 5621 Klump Avenue is a truly rare find and one of the lowest price per unit and price per square foot AB1482 opportunities in the entire San Fernando Valley.Show Description
MLS® Number25551355
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCommon Area
Exposure
Exterior
GarageYes
Approx. Age1987
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

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