$2,300,000
$2,600,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
10 Baths
8,488 Sqft Lot
SOLD DATE : 10/13/2023
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23040243
Sold Date 10/13/23
Bedrooms 10
HOA Y/N No
Lot Size 8,488 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
This property is a prime investment opportunity located at the gateway to Hollywood and Downtown LA, nestled at the base of Griffith Observatory in the vibrant East Hollywood/Los Feliz Area. The asset consists of 10 units, all of which are 1 bedroom and 1 bathroom. Built in 1949, the property is approximately 6,766 square feet and has no story-story construction. Additionally, the property includes a detached 6-car carport with an attached laundry facility. The location of this property is excellent, as it is only three city blocks or a six-minute walk from the Metro B Line (Red) at the Hollywood/Western Station stop. The area is known for being one of Los Angeles's strongest rental markets, and the location scores a 92 via Walker's Paradise. There are also many retail destinations, eateries, and entertainment options in the immediate vicinity. The property offers significant potential for upside and value-add. The property is well-maintained and professionally managed. Additionally, seller financing is available. Buyer to verify all info.
This property is a prime investment opportunity located at the gateway to Hollywood and Downtown LA, nestled at the base of Griffith Observatory in the vibrant East Hollywood/Los Feliz Area. The asset consists of 10 units, all of which are 1 bedroom and 1 bathroom. Built in 1949, the property is approximately 6,766 square feet and has no story-story construction. Additionally, the property includes a detached 6-car carport with an attached laundry facility. The location of this property is excellent, as it is only three city blocks or a six-minute walk from the Metro B Line (Red) at the Hollywood/Western Station stop. The area is known for being one of Los Angeles's strongest rental markets, and the location scores a 92 via Walker's Paradise. There are also many retail destinations, eateries, and entertainment options in the immediate vicinity. The property offers significant potential for upside and value-add. The property is well-maintained and professionally managed. Additionally, seller financing is available. Buyer to verify all info.
Location
State CA
County Los Angeles
Area Los Angeles (90027)
Zoning Public Rec
Exterior
Parking Features Unit1:Assigned
Building
Lot Size Range 7500-10889 SF
Level or Stories 2 Story
Others
Monthly Total Fees $110
Acceptable Financing Cash, Conventional, Exchange, Land Contract
Space Rent $15,262
Listing Terms Cash, Conventional, Exchange, Land Contract
Financing Conventional
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Bought with Matthew Sillaman • LB Property Management Inc
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