The 6,916 sf two-story building sits on a 7,221 sf lot and is comprised of (2) two bedroom plus den and two bathroom units and (4) two bedroom plus den and one bathroom units. The subject property is ready for a new investor to take full advantage of its upside potential. In the rolling hills of Hollywood, you'll discover no other than Hollywood Hills, one of the most affluent communities in Los Angeles, situated ten miles northwest of the city. Home to the infamous Hollywood Sign on Mount Lee, this neighborhood boasts significant landmarks, breathtaking views, and famous rolling hills, which are a part of the Santa Monica Mountains.With attractions like Runyon Canyon Park, Lake Hollywood Park, Griffith Park, and the Hollywood Bowl, this neighborhood is one for the books. And directly south of town, you'll find even more exquisite attractions like the Hollywood Wax Museum and Hollywood Pantages Theatre! North of Hollywood Hills, you'll find the some of the city's greatest attractions in Universal City. Discover Universal Studios Hollywood and its famous sites like the Wizarding World of Harry Potter and Universal City Walk, a vibrant area of shops, restaurants, bars, theaters, and so much more.Upscale apartments and historic West Coast-style homes reside on spacious lots along rolling hills with scenic views of the city and the nearby coast. With shopping, restaurants, hiking trails, big cities, and famous landmarks within reach, Hollywood Hills is an ideal residential destination on the West Coast.The Property is bordered by Franklin Ave on the south, Ivar Ave on the East, and Dix Ave on the North. The Hollywood Freeway is 2 blocks to the north. The Subject's close proximity to major freeways, such as, Golden State (5) Pasadena/Harbor (110) & the Santa Monica (10) Freeways provides ready access to the beaches in Santa Monica, Venice and Malibu.
We are proud to present this value-add opportunity in Koreatown. The 8-unit building which sits on a 7,249 square foot LAR4 zoned lot is located just west of Vermont Avenue and south of 8th Street. Seven of the eight units have been extensively rehabbed, featuring new flooring, bathroom fixtures, and interior lighting. The unit mix consists of all one bedroom/one bathrooms. A new buyer has the ability re-position the asset and build up to 18 units by right, and up to 34 units using TOC incentives.
This beautiful triplex in the heart of Echo Park is listed for sale for the first time in 30 years! All units have their own separate entrances. The front building has 2 units (one is upstairs). A 3rd unit is a detached unit with its own entrance and 2 different parking spaces accessible from the next street on Ashmore Place. The length of this lot stretches from Echo Park Ave to Ashmore Place (see the image of the parcel map). The property is a landbank (5357 sq/ft) perfect for owner-user with rental income, investment property, or for future development. Unit 1804 is owner-occupied so there is an upside in rent (only unit 1804 will be delivered vacant). It is only a 5-minute drive to Dodger Stadium, within walking distance to Lady Byrd Cafe and nearby restaurants. There's also a mini market directly across the street from the property. Please do not disturb tenants.
This beautiful triplex in the heart of Echo Park is listed for sale for the first time in 30 years! All units have their own separate entrances. The front building has 2 units (one is upstairs). A 3rd unit is a detached unit with its own entrance and 2 different parking spaces accessible from the next street on Ashmore Place. The length of this lot stretches from Echo Park Ave to Ashmore Place (see the image of the parcel map). It is only a 5-minute drive to Dodger Stadium, within walking distance to Lady Byrd Cafe and nearby restaurants. There's also a mini market directly across the street from the property. The property is a landbank (5357 sq/ft) perfect for owner-user with rental income, investment property, or for future development. Unit 1804 is owner-occupied so there is an upside in rent. Please do not disturb tenants. Drive by only. If any questions, please call Caitlin at (213) 248-1230
Presenting 2636 Virginia Rd a newly constructed four-unit townhouse style units in prime Mid-City area. This is a rare opportunity considering the area's low inventory and a great property to add to your portfolio with a projected 4.62% Cap Rate in a thriving neighborhood. This is a 2022 build tri-level side-by-side units in two separate buildings located in the opportunity zone. A high demand investment opportunity featuring modern design, open and large floor plans, ample parking, rooftop decks (two units) with amazing views of the city! These beautifully designed townhomes consist of spacious (2) 4 Bed 4 Bath and (2) 4 Bed 3.5 Bath units each equipped with in unit laundry, Central A/C with Nest thermostats, balconies, individual water, electric, gas meters, stainless steel appliances installed, paid off solar panels. All highly attractive amenities for the tenants. The property is centrally located and minutes away from Downtown LA, Culver City and close to 10 freeway, giving easy access to all surrounding areas. This is an absolutely beautiful property. Call now for a viewing!
2 houses on a large lot. Great opportunity for expansion. Both units are occupied. Needs TLC. Drive by. Cash Offers ONLY dates for submission will be updated in private remarks ***Agents please see private remarks *** Email all questions.*** Under court supervision***. Buyer must purchase the property occupied. The occupants do not pay rent. *** The occupants DON'T own the property or have authority to sale ***
This three unit income property is situated in a prime location and is ideal for those seeking an investment opportunity. Each unit features their own private entrance as well as separate electric and gas meters. All units are currently rented out, providing an immediate source of income. Easy access to public transportation, shopping and dining options. The seller is very motivated so bring in all offers. Please do not disturb the tenants. Property to be sold "AS IS" at present condition. View the interior with an accepted offer. Submit the offer with an updated pre-approval letter, DU, and proof of funds.
This exquisite 32-unit residential income property stands out with gorgeous French Normandy design and ornate, architectural details. Located along Vermont, just below the hills of Los Feliz, the Griffith Observatory and just blocks from Los Feliz Village- this location couldn't be better. The property features 32 units, consisting of 8 beautiful (1 bedroom, view units with French windows) including a non-conforming, "owner's" unit with a fireplace and 24 charming studios (separate kitchens, dining areas and walk-in closets, which gives them more of a spacious feel). Each unit has charming details offering arched doors and doorways and beamed ceilings. The total building size is 22,582 square feet per assessor. Los Feliz is a vibrant and exciting place to live with amazing cafes, restaurants, nightlife, world famous architecture and lots of hiking for outdoor enthusiasts. Centrally located close to Silver Lake, Hollywood and Downtown LA. Owning this incredible piece of history would be a once in a lifetime opportunity! Seller will consider a partial trade. Almost always 100% occupied, the owner has indicated that there is consistently a "waiting-list" to get into the building. Vacancies have historically been filled through "word-of-mouth". The views, character and charm of the units, elevator, large laundry room and the current owner's maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current rents.
Los Angeles is located in California. Los Angeles, California has a population of 3,902,440. Los Angeles is less family-centric than the surrounding county with 29.48% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles is 36.2 years.
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