Description
Prime Value Add off Hollywood Blvd- this unique opportunity to a acquire this charming 5 unit building near trendy Los Feliz- in the heart of Thai Town. This property has been well maintained and in the same family for almost 50 years. There are 3 freestanding 1 bedroom bungalows, and a two story duplex in the back of the property, each with 1 bedroom. All tenants are long term with very low rents, creating an opportunity for the next owner over 200% of rental upside upon completion of renovations appropriate for the market. Each unit is individually metered for gas and electricity. The property has a small community type feel with the open lawn space and freestanding units, giving tenants an element of privacy within a small space. The layout can give the next owner with the appropriate vision to create very special private houses for tenants with their own patio space. The area has a high rental demand based on it’s proximity to everything Hollywood has to offer! This property is ready to be passed onto the next owner for the next 50 Years. Attractive bridge debt available!
Location
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Listing Agent: Justin McCardle 01895720 Courtesy of: GIG Real Estate Inc. Based on information from CRISNet MLS as of [insert date; insert time data was obtained] 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.
