A rare investment opportunity in the highly sought after East Hollywood submarket of Los Angeles. The property consists of 12 well-maintained 1 bedroom 1 bathroom units spread across five detached buildings, all featuring upgraded roofs and sewer lines. Situated on approximately 10,779 square feet of gated land, the property showcases… Read More classic Spanish style bungalow architecture centered around a charming landscaped courtyard. The location is exceptional, in an Opportunity Zone, and a close distance to historic Sunset Boulevard, LA City College, and the Santa Monica Vermont Metro Station. Residents enjoy close proximity to Silver Lake and the vibrant retail, dining, and entertainment scene at Sunset Junction. Nearby favorites include Erewhon, Intelligentsia, The Black Cat, La Colombe Roasters, and many more. With convenient access to Downtown Los Angeles and major Hollywood employment hubs, the area is highly attractive to young professionals. Below market rents combined with substantial value add potential present an exceptional opportunity for investors to capture nearly 90% rental upside, with an attractive current CAP of over 5.5%. Read Less
Property listed by Link Brokerages, Coby Chatwin 310-695-6510
Listing Snapshot
Days Online
105
Last Updated
Beds
12
Square Ft.
7,556
Lot Size
0.25 Acres
Year Built
1924
MLS Number
25631721
Additional Details
Building
Built in 1924, Living area: 7556.0, 4 buildings, 2 stories, Levels: Two
Cooling
None
Income
Gross Income: $155,688, Net Operating Income: $99,725
Lot
0.2479 acres
Parking
None
Taxes
Parcel Number: 5539004004, Zoning: LAR3
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.
