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  • 6926 Morella Avenue

6926 Morella Avenue, North Hollywood, CA 91605

$3,195,000 Approx. USD 17 beds, 21 baths
7,932 sqft
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The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
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Lic#: 01276603
NRDS ID: 187514104
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Lic#: 01276603
NRDS ID: 187514104
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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700
Tustin 18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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Listing Agent


Cesar Leyva | Cesar@CesarLeyva.com
Lic#: 01490664
Broker: Courtesy of Beverly & Company Luxury Properties
Phone: 424-202-4243

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26986171
Price: $3,195,000
Beds: 17
Baths: 21
None fireplaces
Built in 2021
7,932 sqft
0.18 acres
Lot size: 0.1815
County: Los Angeles
Property style: Modern
Zoning: LARD1.5
Construction: Stucco
Interior features: Open Floorplan,Recessed Lighting
Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Vented Exhaust Fan,Dryer,Washer
Parking description: Assigned,Covered,Door-Single,Electric Gate,Garage
Heating/cooling: Central Air
Heating description: Central
MLS area: NHO - North Hollywood

Last Updated: 9/17/2026

 Days On Market (DOM): 21

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This listing belongs to the NHO - North Hollywood MLS area

The style of this listing is Modern.
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Lat/Long: 34.196659, -118.389690.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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