Description
NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style (bi-level) units all 2 bedroom and 1.5 baths. Rear structure is a duplex (1,554 sq ft) - each unit 2 bedrooms / 1 bath. Property zoned RD1.5 for the perfect re-development opportunity! TOC Tier 3 - allows 70% density bonus. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways, less than 3.5 miles to Griffith Observatory and only 1 mile away from the Hollywood Walk of Fame. Well maintained property with low maintenance and long-term tenants. Need to complete a 1031 exchange? Look no further. Start collecting income right away! Great for seasoned investor or first time buyer. Property will be delivered occupied (4 out of 5 units) with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS! Listing info deemed reliable, but not guaranteed. No warranties expressed or implied. Buyer to satisfy themselves on all aspects.
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8BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style NEW YEAR SPECIAL! LOCATION! ONE UNIT VACANT! Seller will consider carrying 1st! Great Opportunity to own a Bread and Butter 5 Unit Income Property for the price of a Single Family home in the heart of Hollywood! Area undergoing exciting new developments. Highest CAP rate in the area - 5.86%! At least 45% in rental upside in this value add opportunity! Original 1930's vintage charm with hard-wood flooring, French doors, and exposed wood ceiling beams. Front building hosts 3,687 sq ft with 3 townhome style (bi-level) units all 2 bedroom and 1.5 baths. Rear structure is a duplex (1,554 sq ft) - each unit 2 bedrooms / 1 bath. Property zoned RD1.5 for the perfect re-development opportunity! TOC Tier 3 - allows 70% density bonus. Conveniently located within walking distance to shopping centers, grocery stores, restaurants, coffee shops, banks, parks, gas stations, Metro Line, schools, museums. Easy access to major freeways, less than 3.5 miles to Griffith Observatory and only 1 mile away from the Hollywood Walk of Fame. Well maintained property with low maintenance and long-term tenants. Need to complete a 1031 exchange? Look no further. Start collecting income right away! Great for seasoned investor or first time buyer. Property will be delivered occupied (4 out of 5 units) with existing tenants. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS! Listing info deemed reliable, but not guaranteed. No warranties expressed or implied. Buyer to satisfy themselves on all aspects.