PRICE IMPROVEMENT!!! Price Reduced to $2,300,000, this 10-unit property offers strong upside potential for investors. Don’t miss your chance to acquire a multi-unit asset at an improved price—ideal for income growth and long-term appreciation.
This Exceptional 10-unit apartment building in East Hollywood, just two blocks from Sunset Blvd. With a proforma CAP rate of 8.5%+, this value-add opportunity features 7,864 SF of living space on a 7,815 SF corner lot. The unit mix includes (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B, with one vacancy and nine parking spaces.
Centrally located near Larchmont Village, Koreatown, and Downtown LA, this property benefits from its proximity to top employers (Netflix, Kaiser, Paramount) and major retailers (Ralphs, Starbucks). Easy freeway access and strong rental demand make it a standout investment in a highly desirable area. SELLER WILL LISTEN TO ALL REASONABLE OFFERS!
591 days
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39
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Zillow last checked:
Listing updated:
Listed by:
May ArroyoDRE #01083775626-688-6888,
Premier Properties Realty Prof
Source: CRMLS,MLS#: AR24248488Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 11
Appliances
Laundry: None
Features
Common walls with other units/homes: 2+ Common Walls
Interior area
Total structure area: 7,864
Total interior livable area: 7,864 sqft
Property
Parking
Total spaces: 9
Parking features: Carport
Carport spaces: 8
Uncovered spaces: 1
Features
Levels: Two
Stories: 2
Entry location: Berendo/1
Pool features: None
Spa features: None
Lot
Size: 7,815 Square Feet
Features: 0-1 Unit/Acre
Details
Parcel number: 5540021001
Zoning: LARD1.5
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Mixed Use
Attached to another structure: Yes
Condition
New construction: No
Year built: 1958
Utilities & green energy
Sewer: Public Sewer
Water: Public
Community & HOA
Community
Features: Sidewalks
Location
Region: Los Angeles
Financial & listing details
Price per square foot: $292/sqft
Date on market: 12/30/2024
Cumulative days on market: 591 days
Listing terms: Cash,Cash to New Loan,Conventional,FHA