6923 Ben Avenue, North Hollywood, California 91605, North Hollywood, 91605 - bed, bath

6923 Ben Avenue, North Hollywood, California 91605 home-pic-0
ACTIVE$1,499,950
6923 Ben Avenue, North Hollywood, California 91605
0Bed
0Bath
6,532Sqft
7,939Lot
Year Built
1961
Close
-
List price
$1.5M
Original List price
$1.65M
Price/Sqft
$230
HOA
-
Days on market
-
Sold On
-
MLS number
SR25149454
Home ConditionFair
Features
Patio
View-

About this home

We found 3 Cons,5 Pros.

Rare Investor Opportunity - 7-unit in North Hollywood! An exceptional investment opportunity in the heart of North Hollywood, this well-located seven-unit multifamily property offers strong fundamentals and long-term upside. The two-story building encompasses approximately 6,532 square feet of rentable space and sits on a generous lot of nearly 8,000 square feet, providing an attractive density profile for the area. The property units feature air conditioning, wall heating, and individual water meters, enhancing tenant comfort and operational efficiency. Residents benefit from shared on-site laundry facilities and ample off-street parking, adding to the property’s overall desirability and ease of management. Ideally situated with a Walk Score of approximately 75, the property offers convenient access to neighborhood retail, dining, entertainment, and public transportation, including nearby Metro lines. Its close proximity to Burbank–Bob Hope Airport and major employment centers further strengthens tenant demand. This asset presents an excellent opportunity for investors seeking stable cash flow with meaningful upside potential through interior renovations, rental repositioning, or long-term appreciation in a high-demand rental market. Offered at today’s market price. Serious and qualified inquiries only.”

Price History

Date
Event
Price
12/11/25
Price Change
$1,499,950
07/15/25
Listing
$1,650,000
Condition Rating
Fair

Built in 1961, this multi-unit property is aged but appears to be maintained for functionality. The kitchen features dated light wood cabinets, speckled countertops, and older tile flooring, though some appliances (refrigerator, microwave) appear to be newer stainless steel. Bathrooms are basic with dated fixtures and tile. Living areas have dated tile flooring, and bedrooms have laminate. Cooling is provided by wall AC units, which are functional but not modern central air. The property's description explicitly states 'meaningful upside potential through interior renovations,' indicating that significant updates are needed to enhance its value and appeal. While livable, the overall aesthetic and components are outdated, aligning with the 'fair' category.
Pros & Cons

Pros

Multi-Unit Investment Opportunity: A rare 7-unit multifamily property offering strong fundamentals, stable cash flow, and long-term appreciation potential in a high-demand rental market.
Strategic North Hollywood Location: Highly desirable location with a Walk Score of 75, providing excellent access to retail, dining, entertainment, public transportation (Metro), Burbank Airport, and major employment centers.
Significant Value-Add Potential: Explicitly offers meaningful upside through interior renovations and rental repositioning, allowing for increased rental income and property value.
Enhanced Operational Efficiency & Tenant Comfort: Units feature individual water meters for cost control and operational efficiency, along with air conditioning and wall heating for tenant comfort.
Desirable On-Site Amenities: Provides convenient shared on-site laundry facilities and ample off-street parking, enhancing tenant desirability and ease of management.

Cons

Property Age & Potential for Updates: Built in 1961, the property's age suggests potential for needing updates to major systems or common areas beyond just interior unit renovations.
Capital Expenditure for Renovation: Achieving the stated 'upside potential' requires significant capital investment for interior renovations and rental repositioning, which is not a turn-key operation.
Undisclosed Unit Mix: The listing lacks specific details regarding the unit mix (e.g., number of studios, 1-bedroom, 2-bedroom units), making it challenging for investors to fully assess income potential without further investigation.

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