Unique opportunity to purchase 6 unit property in a high demand rental pocket. straddling the neighborhoods of Los Feliz and Hollywood. On a lot sized over 10,500 sq ft. there is tremendous value for long term potential. Main front unit is vacant and highlights numerous updates and preservation of character… Read More that shows off 1920's character, reflecting architecture of the era. Refinished hardwood flooring throughout and remodeled bathrooms make this available unit perfect for receiving the best quality rent. At the same time, it also lends itself perfectly for an owner/user to build equity by moving into a large, Turnkey space (3 beds/ 2 baths) that has the feel of Single-Family living. This available unit has the convenience of utility area and basement close to kitchen and back door. Front structure has 2 large units (appox. 2000 sq ft.) and detached building in back has 4 units featuring 1 bedroom/1 bath. Driveway has depth that runs the length of the lot, affording many different parking options. Paved flat area in back of second 2 story structure also allows for many uses, including parking, as well. Immediate access to Hollywood on one side and short distance to DTLA in opposite direction. This is an area that consistently has tenants looking to be close to city access; close access to freeway commutes. Public website for CIty Of L.A. shows zoning designations that property falls under the State Enterprise Zone and also is located in specified Transit Priority Area. Read Less
Property listed by Sotheby's International Realty, Michelle St. Clair 323-665-1700
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
10
Square Ft.
6,556
Lot Size
0.24 Acres
Year Built
1923
MLS Number
24454231
30 Days Snapshot Of 90027
$2,486k
+33%
(avg) sold price
13
-7%
homes sold
42
-67%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Oven, Refrigerator
Building
Built in 1923, Building area total: 6,556, Levels: Two, Living area: 6556, 2 stories, 2 buildings, Architectural style: Traditional
Cooling
None
Expenses
Electric expense: $9,000, Gardener expense: $2,760, Insurance expense: $6,000, Maintenance expense: $3,600, Other expense: $500
Floors
Tile, Wood
Garage
3 spaces
Heating
Baseboard
Income
Gross income: $152,340, Net operating income: $130,480
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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