$ 3,195,000
-
$3,195,000
Price -
17
Bed -
21
Bath -
7,932
SqFt
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About the Listing X8240603 - C110128
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.
Listing Highlights
Interior Details
- Bedrooms: 17
- Bathrooms: 21 Full
- Appliances: Microwave, Free Standing Gas
- Air Cond: Air Conditioning,Central
- Heating: Central
- Fireplaces:
- Floor: Laminate,Linoleum
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Double Vanity(s),Low Flow Toilet(s),Low Flow Shower(s),Tile,Turnkey,Recessed Lighting,Laundry - Closet Stacked,Open Floor Plan,Quartz Counters
- Water:
Exterior Details
- Lot Description: Automatic Gate,Exterior Security Lights,Fenced,Gutters
- Garage Capacity: N/A
- Parking Spaces: 12
- Lot Dimensions: 60x132
- Zoning: LARD1.5
- Roof: Flat
- Others: New Construction
- Sewer: In Connected and Paid
- Parking Features: Assigned,Auto Driveway Gate,Covered Parking,Garage - 1 Car,Driveway Gate,Garage Is Attached
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
6926 Morella Ave North Hollywood, CA 91605
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