$200k PRICE REUDCTION! MOTIVATED SELLER - 9 units for sale - 6 units NON-LA RENT CONTOL - Increase 8% immediately 10.9GRM 6.4 Cap Rate 9 units total - Hollywood Hills - Quiet street, up market neighborhood - 6 units not subject to city of LA Rent Control. 2 buildings totaling +/- 8,632 sq ft. Lot zoned R3/TOC Tier 3 - +/- 10,222 sq ft - room for ADU's. Secure nine-unit apartment complex in Hollywood Hills. Safe, quiet street; up market tenants. Excellent condition, beautifully maintained, highly secure w/gated entry. 14 covered parking spaces behind automatic gate (one for each bedroom). Attractive unit mix: (1) three bed two bath unit, (2) two bed two bath units and (6) one bed one bath units in two structures. 2 Buildings-one built 1912 (3bd 2bth, (2) 1bdrms (one non-conforming)) the other built 2008 ((2) two bd two bth, (4) 1 bdrm). 2008 building has elevator, 5.7 megawatt solar system, and six units all exempt from LA RSO; each unit has central air, balcony, hardwood floors and washer/dryer in unit. Room for ADU's and/or additional units in R3/TOC Tier 3 zoning on large 10,222 sq ft lot. Buyer to verify all property details. Three bed unit (owners') and (2) one bed units will be delivered vacant (calculated at accurate market rent in investment analysis/setup).Must see - PLEASE DO NOT ENTER PROPERTY W/OUT BROKER OR DISTURB TENANTS.
213 days
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96
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Zillow last checked:
Listing updated:
Listed by:
Michael HayesDRE # 01936889310-254-8664,
Keller Williams Los Angeles213-797-7000
Source: CLAW,MLS#: 25627549
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 12
Heating
Central
Cooling
Central Air
Appliances
Included: Gas Oven, Electric Cooktop, Disposal, Dryer, Range/Oven, Refrigerator, Washer, Gas Water Heater, Water Heater Unit
Laundry: Laundry Closet Stacked, Gas Or Electric Dryer Hookup, Stackable W/D Hookup
Features
Elevator
Flooring: Hardwood
Interior area
Total structure area: 8,632
Total interior livable area: 8,632 sqft
Property
Parking
Total spaces: 14
Parking features: Assigned
Covered spaces: 14
Accessibility
Accessibility features: Handicap Access
Features
Levels: Two
Stories: 2
Entry location: Elevator
Exterior features: Balcony
Fencing: Fenced,Fenced Yard,Gate
Lot
Size: 10,227 Square Feet
Features: Landscaped, Lawn, Front Yard
Details
Additional structures: None
Parcel number: 5586004019
Zoning: LAR3
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Multi Family
Condition
Year built: 1912
Utilities & green energy
Utilities for property: Cable Available
Green energy
Energy generation: Solar
Community & HOA
Community
Security: Automatic Gate, Card/Code Access, Security Lights, Fire and Smoke Detection System, Fire Sprinkler System, Gated
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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