Desirable 9 unit apartment building in rapidly growing North Hollywood neighborhood. Mix of four 2 bed/2 bath, and five 1 bed/1 bath units. 4.3% Cap rate (at asking price) with 34% rental upside. 1980s construction, not subject to LA rent control laws. Units offer private balconies and spacious layouts. Building includes on-site laundry, gated underground parking and rear covered parking. Central proximity to transportation, freeways to entertainment destination. Unit 6 to be delivered vacant at the close of escrow. **Note: The rent displayed on the rent roll includes a 7% rent increase from tenant's current rent. It is assumed Buyer will raise rents as soon as permitted once the state and county restrictions on rent increases are lifted. Seller shall reimburse Buyer the difference from the current rent and the rent displayed as a credit through escrow at closing.**
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