Exceptional four-unit property spanning 1,956 square feet, situated on a spacious 4,727 square foot lot. One unit can be delivered **vacant**, offering flexible options. There's ample space to add 1 more ADU in the backyard, increasing rental income potential. Enjoy stunning views of the vibrant neighborhood and iconic Hollywood, capturing… Read More the area's charm. All four units currently benefit from long-term, reliable tenants, with rents below market rates, presenting an excellent opportunity for significant rent increases. Some units feature tasteful renovations, enhancing their appeal. Located in the lively, picturesque Melrose Hill within the Hollywood Studio District, this property is an outstanding investment opportunity awaiting the right owner to realize its full potential. Read Less
Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
Listing Snapshot
Days Online
82
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,956
Lot Size
0.11 Acres
Year Built
1927
MLS Number
25531939
30 Days Snapshot Of 90029
$1.19M
+7%
(avg) sold price
4
-50%
homes sold
80
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1927, Building area total: 1,956, Levels: One, Living area: 1956, 1 story, 1 building
Heating
WallFurnace
Income
Gross income: $61,968, Net operating income: $41,576
Lot
0.109 acres, 4,748 square feet, Size: 4,748
Parking
4 totals parking, DoorMulti, Garage
Property
Zoning: LAR1
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
