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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,990,000

Est. payment - /mo

6,503 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD25171999

HOA Y/N No

Year Built 1928

Lot Size 6,503 Sqft

Property Sub-Type Mixed Use

Property Description

Incredible opportunity to acquire this fully occupied 12 unit asset. Huge upside potential. Current cap rate of 5.06% may easily reach 8.5% as rents are substantially lower than what the market currently allows. Property is benefitted from number recent upgrades that include a newer roof, windows, plumbing and electrical. Some of the unit upgrades include newer kitchens, bathrooms, and flooring. Located in the heart of East Hollywood this property offer a unique access to world renowned employers such as Netflix, Paramount, and many others. Within minutes tenants can enjoy access to Barnsdall Art Park, Griffith Park, Greek Theater, The Hollywood Bowl, The Pantages Theater, as well as numerous famed restaurants and entertainment establishments.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Rooms

Other Rooms Gazebo

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Appliance Sump Pump

Laundry Common Area

Exterior

Exterior Feature Awning(s), Lighting, Rain Gutters

Parking Features Assigned, On Site, Paved, One Space

Fence Chain Link

Pool None

Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Total Parking Spaces 7

Private Pool No

Building

Lot Description No Landscaping, Near Public Transit, Paved, Rectangular Lot, Walkstreet

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Additional Building Gazebo

New Construction No

Others

Senior Community No

Tax ID 5540007012

Security Features Carbon Monoxide Detector(s),Resident Manager,Smoke Detector(s),Security Lights

Energy Description 7500.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Sargis Garibyan Coldwell Banker Hallmark 818-807-4995

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1211 N Kenmore AVE Los Angeles, CA 90029