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The rarity to own property within the iconic Hollywood Dell neighborhood paired with the long-term security & flexibility of both a premium duplex & sizable lot presents a strong, Los Angeles investment opportunity. The main structure is an updated duplex with both units occupied and near market rents. The upper unit is est. 1,000 sf and rented at $5,150/month - features 2 bedrooms, 2 bathrooms, living area with fireplace, separate dining room, kitchen, gated front yard & rear balcony with city views. The lower unit is est. 1,150 sf and rented at $4,263/month - features 1 bedroom, 1 large den, 2 bathrooms, living area with fireplace, enclosed porch, kitchen and private patio. The property offers abundant shared outdoor space for residents and an additional detached recreation room est. 407 sf (has Certificate of Occupancy) with 0.5 bathroom. Current annual Gross Operating Income is $113,234, Expenses are $35,914, and Net Operating Income is $77,320. The in-place cap rate is 4.69%. Square footage is estimated - buyer to verify.
Property Type(s):
Residential Income
| Last Updated | 9/26/2024 | Year Built | 1940 |
|---|---|---|---|
| Community | Hollywood Hills East | County | Los Angeles |
Price History
| Prior to Sep 26, '24 | $1,700,000 |
|---|---|
| Sep 26, '24 - Today | $1,649,000 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Dryer, Gas Cooktop, Microwave, Refrigerator, Washer |
| AREA | Hollywood Hills East |
| BASEMENT | Yes |
| FIREPLACE | Yes |
| GARAGE | Detached Carport, Driveway |
| HEAT | Central |
| LOT | 8953 sq ft |
| PARKING | Detached Carport,Driveway |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| ZONING | LAR2 |
Location
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Listed with Pellego, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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