We are pleased to present the opportunity to acquire a renovated 10 unit property, located in Hollywood. The property features well laid out floor plans consisting of two singles, two one-bedroom/one-bath units, six two-bedroom/one-bath units, plus one 1,500 SF Storage Unit that will be delivered vacant. Due to its 1956 construction, the property is subject to Los Angeles rent control statutes. Due to the property''s unique layout and floor plans, 1276-1278 North Van Ness Avenue offers an investor the opportunity to acquire a "turn-key" property within a prime Hollywood rental market with realistic value-add potential. Per the County Assessor, the building square footage is 6,520 which does not include the storage unit. An additional 1,500 SF has been added to the County Assessor measurement.
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