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Listed by Ricardo Velasquez • LRS Realty & Management Inc.
$ 949,999
Est. payment | /mo
2,350 SqFt
$ 949,999
Est. payment | /mo
2,350 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 2,350 sqft
Price per Sqft $404
MLS Listing ID CRSR25168311
HOA Y/N No
Year Built 1924
Lot Size 4,151 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Two units will be delivered vacant at close, offering a rare opportunity for an owner-user or investor to lease at market rates - currently ranging from $1,600 to $1,900/month - or move in and enjoy the unbeatable location. Tenants are responsible for their own gas and electricity, while the building covers water and trash, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA's most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities. PLEASE NOTE: Ownership will conduct a 1031 exchange which should hopefu
Location
State CA
County Los Angeles
Interior
Heating Natural Gas
Cooling None
Fireplace No
Laundry No Hookups
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745