THIS IS THE ONE 5 UNITS-FULLY STABILIZED: 6926 Morella Ave - Welcome to this exceptional investment opportunity that was meticulously crafted and built in 2021. Consisting of three buildings, this modern complex offers unparalleled amenities and convenience for tenants. Every unit boasts the pinnacle of comfort with central air conditioning and heating, ensuring year-round comfort. The inclusion of inside laundry facilities, along with essential appliances such as refrigerators, stoves, and dishwashers, enhances the living experience for residents. Additionally, there is plenty of parking for all units with a combination of attached 1 car garages and surface parking lot spaces. Each unit offers a generous layout with a combination of four- & three-bedroom units, accommodating various tenant needs and preferences. Whether it's families seeking spacious living or professionals desiring roomy accommodations, these units cater to a diverse range of renters. With its modern amenities, thoughtful design, and full occupancy, this investment property presents a compelling opportunity for investors looking to capitalize on a thriving rental market at a true 6.47 cap rate. Don't miss out on the chance to secure a lucrative investment in the ultra-hot NOHO neighborhood. Make this property your 1031 exchange transaction.
Property Details
Property Features
Property Information:
Year Built: 2021
Stories: 1
Listing Office:
Office Name: CENTURY 21 REALTY MASTERS
Office Phone: (323) 253-5456
Listing Agent: XIO SANDOVAL
Exterior Features
Exterior Information:
Private Pool: No
View: Neighborhood
Parking Information:
Garage Space: 4 spaces
Parking: Direct Access, Driveway, Garage
Lot Features
Lot Information:
Lot Size: 0.18 Acres
School Info
Assigned Schools Information:
North Hollywood Senior High School, Public Magnet 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
Roy Romer Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Victory Boulevard 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: Online directions
Price Information
Listing Price Info
Price Summary:
List Price: $3,189,000
Tax Information:
Annual Amount: $9,326
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.2M 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: #MB24069695
Listing Office:
Office Name: CENTURY 21 REALTY MASTERS
Office Phone: (323) 253-5456
Listing Agent: XIO SANDOVAL
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: 5/2/2024, 9:20:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Mar 20, 2020
Mar 20, 2020Home Sold
$757,000
Jun 24, 1999
Jun 24, 1999Home Sold
$180,000
Oct 15, 1998
Oct 15, 1998Home Sold
$111,458
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$9,326
$764,842
2020
$3,222
$258,007
2019
$3,110
$252,949
2018
$3,041
$247,990
2017
$3,041
$243,129
History based on county public records data.
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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
5
/10
Victory Boulevard Elementary School
6315 Radford Ave
Distance between this listing and this school0.78 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.17 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.74 miles
Public Magnet Grades 1-5
Middle School
4
/10
Roy Romer Middle School
6501 Laurel Canyon Blvd
Distance between this listing and this school0.69 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.82 miles
Public District Grades 6-8
High School
7
/10
North Hollywood Senior High School
5231 Colfax Ave
Distance between this listing and this school2.08 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school6.42 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school14.98 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Victory Boulevard Elementary School
6315 Radford Ave
Distance between this listing and this school0.78 miles
Public District Grades KG-5
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school8.17 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school14.74 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Roy Romer Middle School
6501 Laurel Canyon Blvd
Distance between this listing and this school0.69 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school10.82 miles
Public District Grades 6-8
Nearby Schools
9
/10
Celerity Palmati Charter
6501 Laurel Canyon Blvd
Distance between this listing and this school0.69 miles
Public Charter Grades KG-8
Assigned Schools
7
/10
North Hollywood Senior High School
5231 Colfax Ave
Distance between this listing and this school2.08 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school6.42 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school14.98 miles
The neighbors living near this home have an average income of $27,667. Typical income of Los Angeles, CA residents is less than $35k annually. Typical family type is married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 6926 Morella Ave
What is the listing price of this property?
The listing price of 6926 Morella Ave property is $3,189,000.
What type of property is this?
The property 6926 Morella Ave is a condo located in North Hollywood, California, 91605.
Is this property for sale now?
Active Listing: 6926 Morella 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 6926 Morella Ave are: Victory Boulevard Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Roy Romer Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10North Hollywood Senior High School: GreatSchools Rating 7/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10Math, 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 $9,326 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on March 20, 2020 for $757,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 6926 Morella Ave is 2021.
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This home is located at 6926 Morella Ave in North Hollywood, CA and zip code 91605 in the North Hollywood neighborhood. This home, which was built in 2021, sits on a 0.18 acre lot. It has been listed on Rocket Homes since April 09, 2024 and is currently priced at $3,189,000.
While more than 701 listings in Los Angeles, CA in April 2024 were sold above asking price, there were more than 204 listings sold at asking price, and more than 629 were sold below. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
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