6736 Kraft Ave, North Hollywood, CA 91606
Property type: Multi-Family
Purchase Price: $150,000
Sale Price: $749,000
Current Status: For Sale
The Kraft Project is our first all-new development project reminiscent of the California Bungalow style. It is a multi-family property on a 6,250 lot with two separate units both featuring 3 bedrooms and 2 baths in each unit. This is the perfect property for someone looking to invest in by subsidizing their mortgage; living in one unit and renting the other or by renting both units. Projected rents are potentially $2500 per house creating an annual gross income of $60,000. Each house is separately metered for gas, electric, and trash and has plenty of on-site parking.
We first purchased this home located in trendy NoHo looking to renovate the original 2 bed, 1 bath property. After much research, we then felt the location was perfect for a multi-family project and wanted to build two new developments on the large lot. Follow the full building process on verono.com/kraft!
Each home features a light & bright open floor plan, central air and heating, vaulted ceilings, stainless steel appliances, stylish new floors, large closets, spacious rooms, laundry hookups, & best of all, it is all is BRAND NEW development.