This well-positioned 4-plex is located in a highly desirable, historic, Hollywood area. The property is zoned for multi-unit, LAR3 and welcomes investors having creative mind and experienced architect on their team to build a multi-unit apartment building. While the property is built in 1920’s character, it is an exclusive spot surrounded by many Hollywood Hallmark spots, including many exquisite restaurants, cafes, farmer’s market and many more places to enjoy eating and spending time located walking distance from the property. This area is a highly desirable neighborhood with many new rental buildings being built, where rental rates average, at least, $2000 for a 2 Br / 2 Bath unit for older buildings and $2500 and up for newly built apartment buildings. The property consists of four large 2 Br + 2 Bath Units. The units also include inside laundry machines. Buyer to cooperate with Seller’s 1031 exchange.
|Last Updated||10/23/2019||Year Built||1923|
|Community||C34 - Los Angeles Southwest||County||Los Angeles|
|AREA||C34 - Los Angeles Southwest|
|LOT||7196 sq ft|
|LOT DESCRIPTION||2-5 Units/Acre|
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