29 days on rocket

5640 Bakman Ave, North Hollywood, CA, 91601

$1,450,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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5640 Bakman Ave, Los Angeles$1,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1953
MLS #SR24064369
Lot Size0.15 Acres
StatusActive

About 5640 Bakman Ave

5640 Bakman Ave is a charming 7-unit apartment building in the vibrant neighborhood of North Hollywood, California. This a rare opportunity for investors seeking a prime location with excellent rental potential. This seven-unit apartment building is comprised of (6) Six (1) One-bedroom and (1) One-bath units, and (1) One (2) Two-bedroom and (1) One-bath unit. Conveniently situated in North Hollywood, this property enjoys proximity to many amenities, including popular dining destinations, entertainment venues, shopping centers, and recreational parks. Commuters will appreciate easy access to major transportation routes, including the nearby Hollywood Freeway (US-101), providing seamless connectivity to the greater Los Angeles area. The property is within walking distance of the Metro Redline location and near the heart of the North Hollywood Arts District. The property has desirable amenities, including assigned parking spaces, on-site laundry facilities, and well-manicured communal areas. It is individually metered for gas and electricity and has a tremendous rental upside. The property has a Low Income Covenant until 2035, part of the ACHP. A copy of the Covenant will be provided. ***Property must be sold with 5653 Bakman Ave in North Hollywood***

Property Details

Property Features

Property Information:

  • Year Built: 1953
  • Stories: 2

Listing Office:

  • Office Name: Keller Williams Realty-Studio City
  • Office Phone: (818) 381-6601
  • Listing Agent: James Antonucci

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

School Info

Assigned Schools Information:

  • East Valley Senior High School, Public District Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Walter Reed Middle School, Public District Grades 6-8
  • Studio, Public District Grades 6-8
  • Lankershim Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Between Lankershim Blvd and Vineland off of Burbank Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,450,000

Tax Information:

  • Annual Amount: $5,037
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

5640 Bakman Ave vs Los Angeles

29 DAYS ON ROCKET

-5 Days

$1,450,000

+$474K More

KEY TAKEAWAY

This property is $474K more than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #SR24064369

Listing Office:

  • Office Name: Keller Williams Realty-Studio City
  • Office Phone: (818) 381-6601
  • Listing Agent: James Antonucci

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 10:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,037$348,519
2020$4,907$341,086
2019$4,834$334,399
2018$4,698$327,843
2017$4,698$321,416

History based on county public records data.

Payment Calculator

$7,304

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,414

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3966434
4
/10

  • Lankershim Elementary School

  • 5250 Bakman Ave

  • 0.51 miles

  • Public District Grades KG-5

school-card-donut-3966435
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 6.43 miles

  • Public Magnet Grades KG-6

school-card-donut-3966436
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 15.40 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-3966437
6
/10

  • Walter Reed Middle School

  • 4525 Irvine Ave

  • 1.52 miles

  • Public District Grades 6-8

school-card-donut-3966438
4
/10

  • Studio

  • 2211 W Avenue 30

  • 9.37 miles

  • Public District Grades 6-8

High School

school-card-donut-3966439
1
/10

  • East Valley Senior High School

  • 5525 Vineland Ave

  • 0.42 miles

  • Public District Grades 9-12

school-card-donut-3966440
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 7.20 miles

  • Public Magnet Grades 9-12

school-card-donut-3966441
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 13.34 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $42,283. Typical income of Los Angeles, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5640 Bakman Ave

What is the listing price of this property?

The listing price of 5640 Bakman Ave property is $1,450,000.

What type of property is this?

The property 5640 Bakman Ave is a condo located in North Hollywood, California, 91601.

Is this property for sale now?

Active Listing: 5640 Bakman Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5640 Bakman Ave are:
Lankershim Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
Walter Reed Middle School: GreatSchools Rating 6/10
Studio: GreatSchools Rating 4/10
East Valley Senior High School: GreatSchools Rating 1/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $5,037 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 5640 Bakman Ave is 1953.

Rocket Homes›California›Los Angeles County›Los Angeles›91601›5640 Bakman Ave

This home is located at 5640 Bakman Ave in North Hollywood, CA and zip code 91601 in the North Hollywood neighborhood. This home, which was built in 1953, sits on a 0.15 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $1,450,000.

Over 628 listings were sold over their listed price in March 2024 in Los Angeles, CA. In the same period over 579 listings were sold below the listed price and 196 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $975,970 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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