Rents have never been raised and are significantly below market. A new owner will have the opportunity to bring them to market rates and realize a significant return on their investment. The subject property is a mixed-use, retail and residential property with three separate structures totaling 3,540 square feet. Set on a 9,624 square foot lot, the property has a 640 square foot retail storefront with easy access and great visibility to Fountain Avenue. To the side of the property, there is a gated driveway leading to a two-bedroom house and a separate three-bedroom house with a detached garage. The property offers an ideal owner/user opportunity and has redevelopment potential with an R3 lot that can fit up to 12 units. Located in the neighborhood of East Hollywood, the property is just a few blocks east of the 101 Freeway between Sunset Boulevard and Santa Monica Boulevard. Situated in between Hollywood and Silver Lake, the property is located in a ideal area for a developer or an owner/user. Brokered And Advertised By: Lee & Associates Listing Agent: Warren Berzack
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
