Built in 1959, this 21-unit property is located on 12,977 SF lot in the Central Hollywood neighborhood. The two-story building features studios, one-bedrooms, and a bachelor/light housekeeping unit.This offering presents an investor the opportunity to capture the 24% rental upside through renovations when the units turn. Three of the units will be delivered vacant at the close of escrow. Additionally, the subject property has 26 total parking spaces with soft-story work completed (contact agent for details). The property is being offered at a 13.51 GRM on current income.The Central Hollywood neighborhood continues to grow at a rapid pace and attracts high-end residents with the unparalleled access to employment opportunities and entertainment amenities. The subject property has a walk score of 91 and the location allows for a quick commute to both Hollywood and Downtown Los Angeles.
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.
