Marcus & Millichap is pleased to present 1809 North Bronson Avenue, located in the prime Hollywood neighborhood of Los Angeles, CA. The property is nestled between Franklin Avenue and Hollywood Boulevard, within steps of the allure of the famous attractions and nightlife. Amongst the highest densities for the city as well as the county, this neighborhood boasts an estimated population of 22,193 people per square mile, of whom 92.4 percent rent their occupied housing.This six-unit property is comprised of one single, four one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. These well-maintained units have been upgraded and offer hardwood and tile floors, tiled kitchen counters and remodeled bathrooms. Additional capital improvements include copper plumbing throughout, a roof replacement approximately seven years ago and a central boiler recently upgraded as of July 2012. The property provideson-site laundry, on-site gated parking and individually metered utilities for gas and electric.An investor can find the value in this asset's cash flow, minimal deferred maintenance and the over 10 percent increase in rental upside potential.
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