Property listed by Westside Property Management Inc., Joshua L Barre 310-310-8063
$3,000,000
Exceptional investment opportunity in the heart of the Hollywood Hills. This well-maintained 4-unit apartment building, built in 1928, offers approximately 3,142 square feet on a 3,463 square foot LAR2-zoned lot. The property features a desirable unit mix, strong in-place rental income, and significant long-term upside in one of Los Angeles'… Read More most sought-after rental markets.Located just minutes from the Hollywood Bowl, Runyon Canyon, Franklin Village, Hollywood & Highland, major studios, dining, entertainment, and convenient freeway access, the property attracts a broad tenant base seeking the ideal blend of neighborhood charm and urban convenience.The building presents an excellent opportunity for investors seeking stable cash flow with future value-add potential through strategic renovations and rental increases, subject to applicable regulations. Whether you're expanding an existing portfolio or acquiring a trophy asset in a premier Los Angeles location, this is a rare opportunity to own a classic Hollywood Hills fourplex with lasting investment appeal.Property highlights include:* Four residential units* Approximately 3,142 SF building* Approximately 3,463 SF lot* Built in 1928* LAR2 zoning* Prime Hollywood Hills location near shopping, dining, entertainment, hiking trails, and major employment centers* Excellent long-term investment with upside potentialBuyer to independently verify all information, including square footage, zoning, permits, rent amounts, operating expenses, and applicable rent control regulations. Read Less
Listing Snapshot
Days Online
36
Last Updated
Beds
5
3/4 Baths
4
Square Ft.
3,142
Lot Size
0.08 Acres
Year Built
1928
MLS Number
26856999
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator
Building
Built in 1928, Living area: 3142.0, 1 building, Levels: MultiSplit
Cooling
None
Income
Gross Income: $119,117, Net Operating Income: $89,100
Lot
0.0795 acres
Parking
DoorSingle, Garage
Property
Hills
Taxes
Parcel Number: 5549023018, Zoning: LAR2
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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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