About 5619 Irvine Avenue
Beautiful fourplex located on a quiet street in the highly sought-after NoHo District, offering an outstanding opportunity for both owner-users and investors. This townhome-style property features four spacious two-story units, each approximately 960 sq ft with 2 bedrooms and 2 bathrooms, private enclosed patios, and washer/dryer hookups. Each unit is individually metered for gas and electricity and is equipped with its own tankless water heater, providing added efficiency and tenant appeal. The property has seen extensive upgrades throughout, offering a well-maintained, turnkey asset with strong long-term value. For an owner-user, this is a rare opportunity to live in one unit while the other three units help offset or potentially cover your mortgage. For investors, the property offers solid in-place income with additional upside, including the potential to add up to two ADUs (buyer to verify), creating enhanced cash flow and long-term appreciation. Located within an Opportunity Zone, this property is an excellent fit for buyers completing a 1031 exchange. Just minutes from NoHo West, the NoHo Arts District, NoHo High School, shopping, dining, and the 170 Freeway, the location continues to support strong rental demand. With ongoing market volatility, multi-residential real estate remains one of the most reliable long-term wealth-building assets, and this fourplex presents a compelling opportunity in North Hollywood.
