5621 Klump Avenue, North Hollywood, CA 91601

Property Description

We are pleased to present 5621 Klump Avenue, a rare 9-unit 1987construction (not subject to LA RS0) value-add multifamily investment opportunity in the heart of North Hollywood, CA. This unique property is comprised of an excellent unit mix of (5) large two-story 3 Bed / 2 Bath units, (1) 2 Bedroom / 2 Bath unit, (2) 2 Bed / 1Bath Units, and (1) Studio. This fully occupied value-add investment opportunity presents approximately 53% rental upside potential. Built in 1987, the 9unit building does not fall under LA City RSO, but falls under California State AB1482, which allows for 5% + CPI annual increases (8.8% in2025). The property has been well maintained with a newly re-paved parking lot and driveway that is fully secured and gated. The parking lot includes 11 surface parking spaces and arear tuck under 3-car garage that is currently used as storage, presenting an excellent ADU conversion opportunity. The property is strategically located just north of Burbank Boulevard and just east of Lankershim Boulevard in the heart of North Hollywood, one of the SFV's most desirable rental locations. Tenants benefit from the property's walkability to the Metro Red Line, NoHo Arts District, boutique restaurants, retailers, and entertainment venues. 5621 Klump Avenue is a truly rare find and one of the lowest price per unit and price per square foot AB1482 opportunities in the entire San Fernando Valley.