Property listed by Keller Williams Coastal Prop., Cheong Lee 562-961-1400
$1,099,000
Prime Hollywood Triplex Investment Opportunity! Seize this exceptional investment opportunity in the heart of Hollywood! This well-maintained triplex offers strong potential for rental income growth. The property features a spacious 2-bedroom, 1-bath unit on the top floor, along with two 1-bedroom, 1-bath units on the lower level. Situated on a… Read More 6,500+ square foot lot, it offers plenty of parking, including 2 enclosed garages.Recent building upgrades include new copper plumbing, water heaters, dual-pane windows, and an updated sewer line, providing a solid foundation for future enhancements. Additionally, foundational piers and a post-repair have been completed for added stability. The city has approved an Accessory Dwelling Unit (ADU) for the property, offering even more potential for value-add and increased rental income. With a prime location, this property is just steps away from a wide variety of restaurants, shops, LA City College, and the Metro Red Line, offering convenient access to downtown LA and beyond. This is your chance to invest in one of Los Angeles' most sought-after neighborhoods with tremendous upside potential! Please do not disturb tenants. All tenants have all agreed to a cash-for-keys arrangement. Read Less
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,710
Lot Size
0.15 Acres
Year Built
1924
MLS Number
25513153
30 Days Snapshot Of 90029
$1,177k
-24%
(avg) sold price
4
+300%
homes sold
120
+313%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 2,710, Levels: Two, Living area: 2710, 2 stories, 1 building
Cooling
None
Income
Gross income: $95,700, Net operating income: $81,700
Lot
0.1502 acres, 6,543 square feet, Size: 6,543
Parking
7 totals parking, Assigned, DoorMulti, Garage
Property
Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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