8 bedroom house for sale

Overview

6242 Beck Avenue is a 5, 050 square foot six (6) unit apartment building composed of Four (4) 1+1's and Two (2) 2+1's. The current ownership has had the property in the family for over 40 years making this a once in generation opportunity to own in a rapidly upscaling neighborhood. Each unit is separately metered for gas and electricity. The property is spacious with each unit averaging over 800 square feet. One (1) unit will be delivered VACANT! At the rear of the property there is parking for each tenant and there is ample street parking. The property is situated on an 6, 685 square foot lot and zoned LAR3. This property is currently in the Los Angeles Rent Escrow Account Program and is subject to Los Angeles City Rent Control. 6242 Beck Ave is situated in the center of North Hollywood with easy access to the 101, 170 and 134 freeways. North Hollywood is a rapidly improving submarket of LA with a significant increase in development and higher income tenants over the last decade. Tenants and owners alike are attracted to this area because of the vibrant nightlife, trendy coffee shops and restaurants and the up and coming Noho Arts District and Noho West. The subject property is also in close proximity to employment opportunities in the movie industry such as the Warner Brothers Lot, Disney and Universal etc.