Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
$3,195,000
Huge ~700k Price Reduction! Renovated 13-unit building cash flowing at an amazing 6.5% Cap Rate from day 1 with 39% upside to a 9.8% Cap on Proforma! Attractively priced at only $296/SF and $245k/door with a large unit mix consisting of 3 (2bed/2bath) units, 9 spacious (1bed/1bath) units, and 1… Read More (studio/1bath) unit. Majority of the units (7) have been renovated including 2 brand-new attached ADUs. Amenities include gated entry, communal laundry room, large balconies, large patios, as well as 9 parking spaces (2 of which have not been officially assigned and may be rented for additional income). Many units boast updated cabinets, flooring, lighting, bathrooms, and significant exterior improvements including soft-story retrofit. Prime East Hollywood location just minutes away from the Vermont/Santa Monica Metro station, Silverlake, Hollywood, West Hollywood as well as many hip neighborhood attractions, restaurants, bars, and shops such as Hollywood Walk of Fame, Griffith Observatory, Cara Hotel, Saffy's Restaurant, Courage Bagels, and many more. Read Less
Listing Snapshot
Days Online
31
Last Updated
Beds
15
3/4 Baths
16
Square Ft.
10,780
Lot Size
0.21 Acres
Year Built
1963
MLS Number
26925475
Additional Details
Building
Built in 1963, Living area: 10780.0, 2 buildings, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $297,759, Net Operating Income: $207,669
Lot
0.2072 acres
Parking
9 total parking spaces, Gated
Taxes
Parcel Number: 5537019028, Zoning: LAR3
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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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