This unique 9-unit property consists of a single-family residence with four-bedrooms and two-bathrooms and an 8-unit building consisting of one-bedroom apartments. The buildings total 6,579 SF on 8,467 SF of land located in a prime East Hollywood location, between Santa Monica Blvd & Melrose Ave with direct access to the Hollywood Freeway. This offering presents an investor the opportunity to purchase a stabilized asset with strong in-place cash-flow and low utilities, as gas and electric is separately metered, as well as individual trash bins. The property is being offered at 5.21% CAP and a 12.99 GRM on current income. 13 parking spaces are included with no soft story retrofit work required and additional garage storage included.
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