opportunity zone | 5 unit rti development · pro forma grm 14.18 pro forma cap rate 5.541% pro...
TRANSCRIPT
6901 HINDS AVE., NORTH HOLLYWOOD 91605 CA
6901 HIN
DS
OPPORTUNITY ZONE | 5 UNIT RTI DEVELOPMENT
Urban Luxury Units5 Units - 3 Structures Four Units: 3 Bed / 3 Bath / Balcony One Unit: 4 Bed / 3 Bath / Detached Structure
Approximately 1,320 SqFt Approximately 1,417 SqFt
6901 HINDS AVE., NORTH HOLLYWOOD 91605 CA
Brett Hazard 818.331.9941 [email protected] DRE 01917764
Presented By
BRETT HAZARD
6901 HINDS AVE., NORTH HOLLYWOOD 91605 CA
Executive SummaryRTI DEVELOPMENT of
6901 Hinds Ave. North Hollywood
Price
$1,495,000
Total Specs
16 Beds | 15 Baths
Unit Mix
Five Units: (4) 3 Bed | 3 Bath
(1) 4 Bed | 3 Bath
Projected ARV Resale Cap Rate
5.541%
Rent Roll Projections 6901 Hinds Ave. North Hollywood
Unit Beds Baths Projected Rent
A 4 3 $4,300
B 3 3 $3,700
C 3 3 $3,700
D 3 3 $3,700
E 3 3 $3,700
Total Rent $19,100
6901 HINDS AVE., NORTH HOLLYWOOD 91605 CA
ARV FINANCIALSSummarized Pricing Metrics of
6901 Hinds Ave. North Hollywood
Price
$3,250,000
Pro Forma GRM
14.18
Pro Forma Cap Rate
5.541%
Pro Forma Cap Rate of 6901 Hinds Ave. North Hollywood
Price
$3,250,000
Annual Adjusted Gross Income
$229,200
Operating Expenses
19%
Vacancy Rate
3%
Annual Net Income
$180,082.44
Number of Units
5
Year Built
2020
Lot Size
7,909
Building’s Sq Ft
6,697
6901 HINDS AVE., NORTH HOLLYWOOD CA, 91605
PLOT
& FLO
OR
PLAN
S
6901 HINDS AVE., NORTH HOLLYWOOD CA, 91605
North Hollywood CA.
• Within 1 mile to NoHo West Development, featuring 300,000 sq.ft of new retail space.
• New Development Wholefoods and Trader Joe’s coming to the area soon.
• Close Proximity to Burbank Airport
• Today the NoHo Arts District and North Hollywood are being transformed into a regional center, in large part as a result of the construction of Metro Stations for the Red Line and the Orange Line, two lines that have turned the neighborhood into a regional hub for the San Fernando Valley.
NoHo West
LOCATION
6901 HINDS AVE., NORTH HOLLYWOOD CA, 91605
CURRENTLY
4 Units
Lot size 7,910 sq ft
Property is zoned LARD 1.5
APN: 2321-014-012
OPPORTUNITY ZONE
Delivered Vacant
AQMD Reports on Hand
Ready for Demo