Listing ID23256217
Price$2,450,000
Price/SqFt$354.25
StatusActive
SqFt
6,916
Acres
0.165
CountyLos Angeles
Year Built1920
Property TypeResidential Income
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.
County
Los Angeles
Price Reduction Date
2024-02-22T16:31:05+00:00
Price/SqFt
354.25
Property Type
Residential Income
Year Built
1920
Zoning
LARD1.5
Appliances
yes
Appliances
Dishwasher, Refrigerator, Gas Range
Fireplace
yes
Fireplace Features
Den
Heating
yes
Heating Type
Wall Furnace, Natural Gas
Laundry
yes
Laundry Features
Washer Included, Dryer Included
Levels
Two
Spa
no
Spa Features
None
Stories Total
2
Construction Materials
Stucco
Entry Location
Ground Level w/steps
Lot Size Area
7185
Lot Size Source
Assessor
Lot Size Square Feet
7185
Number Of Buildings
2
Parking
yes
Parking Features
Tandem Garage, Uncovered, Parking Space
Parking Total
9
Pool Features
None
Private Pool
no
Roof
Composition, Rolled/Hot Mop
Sewer
Sewer Paid
Uncovered Spaces
9
View
yes
View Type
City Lights
Water Source
Public
Country
US
Direction Faces
East
MLS Area Major
C03 - Sunset Strip - Hollywood Hills West
Association
no
Days On Market
367
List Agent State License
00960857
List Office State License
00960857
Lot Size Units
Square Feet
New Construction
no
Number Of Separate Electric Meters
6
Number Of Separate Gas Meters
6
Number Of Units Leased
6
Number Of Units Total
6
Parcel Number
5575001025
Property Condition
Updated/Remodeled
Security Features
Smoke Detector(s), Carbon Monoxide Detector(s)
Senior Community
no
Year Built Source
Assessor
Cap Rate
6
Gross Multiplier
12.51
Gross Operating Income
195862
Net Operating Income
147548
Rent Control
yes
Special Listing Conditions
Standard
Tenant Pays
Gas, Electricity
Total Expenses
48314
© 2024. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to 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. Any correspondence from IDX pages are routed to Telford Real Estate Inc or one of their associates. Last updated Thursday, April 18th, 2024.
Based on information from CARETS as of Thursday, April 18th, 2024 09:47:27 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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.
Based on information from CARETS as of Thursday, April 18th, 2024 09:47:27 AM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. 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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Contact - Listing ID 23256217
Nancy Telford
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