SELLER FINANCING AVAILABLE. 1408 N Las Palmas is a lender-owned REO, six-unit apartment building situated in the Hollywood neighborhood of Los Angeles. The 1957 built property constructed of wood-frame and stucco is a two-story walk-up with open parking in the rear, one parking space per unit. Units are individually metered for electricity and gas, and all of the units are one-bedrooms with one-bathroom. One unit will be delivered vacant, and five units are occupied.The seller would consider providing upwards of two years of interest only financing at a maximum of 70% LTV to qualified buyers. There is a potential to redevelop the property into either an apartment building or a small lot subdivision. According to public records the lot size is 7,145.1 square feet and the zoning is RD 1.5-1XL and situated in a TOC Tier 3 zone. With a Walk Score of 96, the property is within walking distance to shops, dining, entertainment, and employment opportunities.
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