A rare investment opportunity in the center of Hollywood; steps from Hollywood Blvd. and the heart of the neighborhood's renaissance. This 14 unit apartment is comprised of 12, one-bedroom units and 2, two bedroom units. On a corner lot, with gated parking, the building currently grosses over $225,000 annually, but still has +35% upside for market rents (in current condition). One block from the METRO Red Line and with a Walk score of 90 (CoStar), this is a value-add/re-position opportunity in one of LA's most rapidly transitioning neighborhoods. Moments to Hollywood's Walk of Fame, the Hollywood Bowl, Hollywood & Highland, the W Hotel, Capitol Records, and more. LA city required retrofitting for tuck-under carports parking has been completed by current owner. Each of the units is individually metered for gas and electric. Appraisal done on building March, 2019. Contact listing agent for offering memorandum. Do not disturb tenants.
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