6926 Morella Avenue, North Hollywood, CA 91605
Local realty services provided by:ERA North Orange County Real Estate
6926 Morella Avenue,North Hollywood, CA 91605
$3,195,000
- 17 Beds
- 21 Baths
- 7,932 sq. ft.
- Multi-family
- Active
Listed by: cesar leyva
Office: beverly & company luxury properties323-410-0848
MLS#:26986171
Source:CRMLS
Price summary
- Price:$3,195,000
- Price per sq. ft.:$402.8
About this home
Recently Built, Fully Leased Income Property, NO Lease-Up required | Non-RSO | No Rent Control. A rare find for investors who want proven year-over-year cash flow, not construction risk. 6926 Morella Avenue is a recently completed, 100%-leased 5-unit property generating $227,988 in current annual income, already stabilized from day one. Unlike a vacant new-construction building that may still require months of marketing, screening, and lease-up before stabilization, this property is cash-flowing now, with rents already within ~3% of market. Built for Minimal Landlord Involvement: Every unit is separately metered for utilities; tenants pay their own electric, gas, and water. Landlord responsibility is limited to property tax, insurance, and minimal gardening, made even lighter by pavers, concrete hardscape, and drought-tolerant landscaping throughout the nearly 8,000 SF lot. This is about as close to a hands-off operating expense structure as ground-up construction gets. Non-RSO, No Rent Control, SB 8 Exempt. As recently constructed housing, the property falls outside LA's Rent Stabilization Ordinance and carries no affordable-housing covenant restrictions, full rental rate freedom, with none of the entanglements that come with older buildings, covenant-encumbered affordable housing, or RSO-covered buildings. Three detached buildings, including one fully standalone unit, sit on an oversized ~8,000 SF lot with ample on-site parking, a genuine differentiator in an infill submarket where many comparable properties offer little or none. Units are townhouse-style with multiple private balconies and patios throughout. Ideal for 1031 exchange buyers who want documented, in-place income rather than a speculative lease-up; cost segregation buyers drawn to the high depreciable basis of new construction; and professionals and business owners who want a low-touch, low-opex asset in one of the San Fernando Valley's most in-demand rental submarkets, minutes from Universal Studios, Warner Bros., and the NoHo Arts District....
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Home facts
- Year built:2021
- Listing ID #:26986171
- Added:15 day(s) ago
- Updated:September 26, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:17
- Total bathrooms:21
- Flooring:Laminate
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator, Vented Exhaust Fan
- Living area:7,932 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2021
- Building area:7,932 sq. ft.
- Lot area:0.18 Acres
- Architectural Style:Modern
- Construction Materials:Stucco
Utilities
- Water:Public
- Sewer:Sewer Tap Paid
Finances and disclosures
- Price:$3,195,000
- Price per sq. ft.:$402.8
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Washer
- Laundry features:Dryer, Inside, Stacked, Washer
- Amenities:Carbon Monoxide (CO2) Detector, Open Floor Plan, Recessed Lighting
Parking
- Total parking spaces:12
- Parking description:Assigned, Covered, Door-Single, Electric Gate, Garage
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