PRICE REDUCTION! - Well-maintained building with significant value-add opportunity - boasts an attractive unit mix with tremendous upside in rents to maximize ROI. Property is fully occupied, with all tenants on a month-to-month lease. It can be reverted to 10 units, as the single 2bd/2ba unit has two electrical meters - was originally two separate 1bd/1ba units. Has a common laundry area that provides extra income, and one on-site parking space allocated to each unit. Located in the Melrose Hill area adjacent to Larchmont, the property is perfectly situated to provide easy access to Central & West Hollywood, Downtown Los Angeles and Koreatown.
|
DAYS ON MARKET
|
129
|
LAST UPDATED
|
8/6/2024
|
|
YEAR BUILT
|
1961
|
COMMUNITY
|
Hollywood
|
|
GARAGE SPACES
|
12.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
Prior to Aug 6, '24
|
$1,985,000
|
| Aug 6, '24 - Today |
$1,885,000 |
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
Hollywood |
| GARAGE |
Assigned, Yes |
| HOA DUES |
0 |
| LOT |
7493 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LAR3 |
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Listed with Berkshire Hathaway Home Services Golden Properties
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/7/24 4:28 PM PDT 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
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