6926 Morella Ave, North Hollywood, CA 91605
6926 Morella Ave, North Hollywood, CA 91605
6926 Morella Ave, North Hollywood, CA 91605
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$3,195,000
Est. payment /mo
17 Beds
21 Baths
7,932 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,932 sqft

Price per Sqft $402

MLS Listing ID 26986171

Style Modern

Bedrooms 17

Construction Status New Construction

Year Built 2021

Tax Year 2026

Lot Size 7,904 Sqft

Acres 0.1815

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area North Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Kitchen Quartz Counters

Interior

Interior Features Turnkey, Recessed Lighting, Laundry - Closet Stacked, Open Floor Plan

Heating Central

Cooling Air Conditioning, Central

Flooring Laminate, Linoleum

Fireplaces Type None

Equipment Dishwasher, Dryer, Microwave, Hood Fan, Washer, Range/Oven, Garbage Disposal, Gas Dryer Hookup, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan

Laundry In Closet, In Unit, Inside

Exterior

Parking Features Assigned, Auto Driveway Gate, Covered Parking, Garage - 1 Car, Driveway Gate, Garage Is Attached

Garage Spaces 12.0

Pool None

Waterfront Description None

View Y/N No

View None

Roof Type Flat

Building

Lot Description Automatic Gate, Exterior Security Lights, Fenced, Gutters

Story 3

Sewer In Connected and Paid

Water District

Architectural Style Modern

Level or Stories Three Or More

Structure Type Stucco

Construction Status New Construction

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Beverly & Company Luxury Properties

NEARBY SCHOOL & BUSINESS

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