Renovated 13-unit building cash flowing at an amazing 5% Cap Rate from day 1 with 41% upside to almost an 8% Cap on Proforma! Attractively priced at only $361/SF and $299k/door with a large unit mix consisting of 3 (2bed/2bath) units, 9 spacious (1bed/1bath) units, and 1 (studio/1bath) unit. Majority… Read More 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 (4 of which have not been officially assigned and maybe 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
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
15
Square Ft.
10,780
Lot Size
0.21 Acres
Year Built
1963
MLS Number
25555877
30 Days Snapshot Of 90029
$1.25M
-15%
(avg) sold price
4
+33%
homes sold
76
+28%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave, Refrigerator
Building
10,780 sq ft, Built in 1963, Levels: Two
Cooling
Wall Unit(s), Central
Disclosures
None
Garage
Assigned
Heating
Wall, Central
Lot
LotAcreage: 0.2072, LotSizeArea: 9,022
Parking
TotalParking: 9
Property
NumberOfUnits: 13, Zoning: LAR3
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