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5820 Craner Ave, North Hollywood, CA 91601
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5820 Craner Ave North Hollywood, CA 91601

$1,400,000 Sold Price as of 03/24/2021
  • 7 Beds
  • 7 Baths
  • 3,382 Sq.Ft.
Sold
$1,400,000 Sold Price as of 03/24/2021 Refinance Your Mortgage
Map preview of 5820 Craner Ave, North Hollywood, CA 91601

Property Overview: 5820 Craner Ave North Hollywood, CA has 7 bedrooms, 7 bathrooms, 3,382 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Calling all 1031 buyers, investors looking for an outstanding return, owner occupiers, and individuals in need of a family compound… this impressive property is for ALL OF YOU! 5820 Craner is made up of two sleek, freestanding, 2-story modern residences on a 6,750 square foot lot in an excellent NoHo Arts location! The property features a massive 4 bedroom, 4 bathroom front house (a whopping 2,146 square feet), plus a 1,236 square foot 3 bedroom, 2.5 bathroom accessory dwelling unit! This is a rare and exciting opportunity to buy 2 brand new residences for an unheard of price of $717,500 a piece. New construction homes are selling for almost $900,000 nearby. This property is ideal for both owner occupiers and investors! Live in one of the luxurious homes and use the other to pay the majority of the mortgage! Or rent both units out for a projected cap rate of 5.05%! This one-of-a-kind property is located LESS than 5 minutes from both the heart of the NoHo Arts District and NoHo West! Other notable features include: walk-in closets with impressive built-in cabinetry, enormous yards and patios, large balconies for each home, high ceilings, thoughtfully designed, spacious floorplans, stainless steel appliances, manicured landscaping, washer/dryer hookups, chic bathrooms, immaculate kitchens, 2 garage parking spaces and 2 side-by-side driveway spaces.

Listed by Elizabeth Maddox | BRE #01921425 | The 2-4 Unit Specialists
Co-listed by Ian Maddox | BRE #02030205 | The 2-4 Unit Specialists
Last checked: 26 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 23

Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
2020
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
BB20199063
City
North Hollywood
County
Los Angeles
Time on Site
1298 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.05%
  • Gross Rent Multiplier: 14.95
  • Gross Scheduled Income: $96,000
  • Net Operating Income: $72,517
  • Gross Operating Income: $93,120
  • Vacancy Allowance: $2,880
Annual Expense Breakdown
  • Total Operating Expense: $20,603
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $16,850
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $1,353
  • Maintenance: $1,200
  • Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 5820 Craner Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate, Tile
  • Kitchen, Living Room, Master Bathroom, Master Bedroom, Two Masters
Kitchen Information
  • Has Appliances
  • Dishwasher, Freezer, Disposal, Gas Range, Microwave, Refrigerator
Interior Features
  • Balcony, High Ceilings, Open Floorplan, Recessed Lighting
  • Levels: Two
Exterior Features
Exterior Information
  • Has Fence
  • New Condition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Front Yard, Landscaped, Level with Street, Level, Near Public Transit, Sprinklers Drip System, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Year Built Source: Builder
  • Architectural Style: Modern
  • Property is not Attached
  • Property Condition: Turnkey
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: On Craner, East of Vineland
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

Local North Hollywood Agent

Sale History for 5820 Craner Ave

Last sold for $1,400,000 on March 24th, 2021

  • March, 2021

  • Mar 24, 2021

    Date

    Sold

    CRMLS: BB21009388

    $1,400,000

    Price

  • Mar 1, 2021

    Date

    Pending

    CRMLS: BB21009388

    $1,435,000

    Price

  • Jan 15, 2021

    Date

    Active

    CRMLS: BB21009388

    $1,435,000

    Price

  • Listing provided courtesy of CRMLS

  • March, 2021

  • Mar 24, 2021

    Date

    Sold

    CRMLS: BB20199063

    $1,400,000

    Price

  • Feb 8, 2021

    Date

    Pending

    CRMLS: BB20199063

    $1,435,000

    Price

  • Jan 13, 2021

    Date

    Active

    CRMLS: BB20199063

    $1,435,000

    Price

  • Sep 29, 2020

    Date

    Coming Soon

    CRMLS: BB20199063

    $1,435,000

    Price

Show More

Tax History for 5820 Craner Ave

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

5820 Craner Ave sold on March 24, 2021 for 69.82% higher than the current median sold price for the city of North Hollywood which is $845,000. The median sold price per/sqft for North Hollywood is $555 and this home is sold at $424.31 per/sqft which puts the price per square foot 23.55% lower than the current median sale per square foot for the city of North Hollywood.

About 5820 Craner Ave

Detailed summary of property

5820 Craner Ave is a multi family that recently sold in North Hollywood, CA 91601. This multi family property offered 7 bedrooms, 7 bathrooms, roughly 3,382 living square feet, and sits on an approximately 6,750 square foot lot. 5820 Craner Ave was first listed on ArdentRealEstateGroup.com on September 29, 2020. The homeowner sold the property for $1,400,000. Home in North Hollywood are selling for a median price of $845,000 and a median price per square foot of $555. Based on Ardent Real Estate Group's North Hollywood Market Data, this home is sold 69.82% higher than the current median priced home. Local homes that are currently for sale include 5228 De Longpre Ave, 971 N St Andrews Pl and 1423 N Alexandria Ave. While the average home in North Hollywood, CA is selling in 85 days, 5820 Craner Ave has a days on market of 23 days. There are currently 132 homes for sale in the North Hollywood real estate market and 102 of them are single family homes while 23 of them are condos and 7 are townhomes. For more information on this home for sale at 5820 Craner Ave North Hollywood, CA 91601 contact Ardent Real Estate Group and we will put you in touch with one of our North Hollywood agents.

Public Facts for 5820 Craner Ave

Public county record property details
Beds
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Baths
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Year built
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Sq. Ft.
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Lot Size
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Stories
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Type
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Pool
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Spa
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APN
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The source for these homes facts are from public records.

91601 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$701
Median Sold Price
$795,000
Median Sold Price/Sq.Ft.
$517
Total Inventory
31
Median Sale to List Price %
99.39%
Avg Days on Market
17
Loan Type
Conventional (30%), FHA (10%), VA (0%), Cash (20%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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