PROFORMA CAP RATE IS WHOPPING 7.63%. Great opportunity to own an income property in desirable North Hollywood area. Each of 4 units is 2 + 1 with 8 parking spaces in the gated area behind the building. Each unit is individually metered for electricity and gas, tenants pay trash , owner pays water. Storage unit unit can be easily converted into laundry facility. New 100 gallon water, new roof, new parking gate. Each unit was recently upgraded with new tile floors throughout. Newer windows and bathrooms. Walk to a park across the street. A block from freeway 170 (Hollywood freeway) and minutes to freeway 5, 405 and 101. Minutes to Burbank airport, NoHo art district, shopping plazas and public transportation. The owner has put a lot of love and care into this property. All tenants are month-to-month. If you are looking for a building with a phenomenally high return that is virtually management free, here is your chance.
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