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August 31, 2011 / George Avakian

JUST LISTED – North Hollywood Apartments – 11 Units – Rent Control – 7.35% CAP

We recently listed an eleven unit apartment building in North Hollywood at 6606 Vineland. The property generates an excellent stream of income and has very low expenses with very little maintenance required.

An experienced apartment investor can quickly add value by applying some cosmetic upgrades and perhaps revamping the structure a bit.

The reason why this deal is relatively a great value-add opportunity is because of the ongoing changes occuring up and down the Vineland Ave corridor. More and more buildings are being renovated, including a new construction on a vacant 60,000 lot just south of the subject property.

For more information about this investment opportunity and others, feel free to give me a call any time. (818) 400-7557

Also, check the LoopNet page!
http://www.loopnet.com/Listing/17233302/6606-Vineland-Ave-North-Hollywood-CA/?

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