- Active
Courtesy of Keller Williams Realty Calabasas 818-657-6500
Property Description
Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles. This Property has been in same family for over 30 years. Rents are 100 % below market ! The Market Cap Rate is over 7 % with a 10 x GRM . The Property boasts a lobby – pool- elevator – and room to add multiple ADU’s , a gym and a roof top deck. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops. This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area. Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within 15 min away. The property was built in 1965 but completely renovated in the 1980’s.
Property Details & Features
Property Type
- Multi Family Residence
Year Built
- 1965
Appliances and Equipment
- Range/Oven
- Garbage Disposal
- Intercom
- Elevator
Bathrooms
- 72.00 total bathrooms
Bedrooms
- 62 total bedrooms
House
- 42,399 sq ft
- Built in 1965
Cooling
- Air Conditioning
Disclosures
- None
Garage
- Assigned
- Covered Parking
- Controlled Entrance
- Community Garage
- Gated
Heating
- Wall
Listing
- ListDate: 2022-08-01
- PricePerSqFt: $542
- 11 days on market
Location
- County: Los Angeles
- ListingArea: Hollywood
Lot
- LotAcreage: 0.6226
- LotSizeArea: 27,121
- LotSizeDimensions: 170×160
Parking
- TotalParking: 65
Property
- NumberOfUnits: 60
- Zoning: LAR3