The offering represents a rare opportunity to acquire a major multifamily asset in an irreplaceable Hollywood location.The property is located a block from the new Viacom complex, the Emerson College, The W Hotel and everything that Hollywood has to offer.The property was built in 1963 and substantially renovated in the mid 1990s and again in 2007.The property enjoys a fantastic unit mix of one, two and three bedroom apartments as well as ample parking for the residents.The rents at the property are substantially below market which represent a great opportunity for the new owner to increase the rents and the value of the property.The property is located on a 23, 941 sq. ft lot zoned LAR4 which present a great redevelopment opportunity for the new owners in the near or distant future. This is an irreplaceable asset for any portfolio
Rare opportunity to own a 5 unit building in Hollywood, the entertainment capital of the world! This is a one-of-a-kind opportunity for owner-occupiers, first-time investors, builder/developers or 1031 Exchange clients seeking a shelter for their capital in an excellent area of Los Angeles. Enjoy the close proximity to the many retail, dining, shopping and sightseeing attractions that Hollywood living can offer minutes from Hollywood & Highland, the Metro Red Line and the world-renowned nightlife of Sunset Blvd!
DRIVE BY ONLY. Please do not disturb tenants, they are unaware of the sale. Not only are current rents significantly under market (with upside potential in income), the property is priced below market value for quick sale don t miss out!