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Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 30 years.Rents are 50 % below market ! The Market Cap Rate is over 8% with a 9 x GRM.Property has lobby - pool- elevator - room to add multiple ADU's , a gym and a roof top deck.The property was built in 1965 but completely renovated in the 1980s. Walk score here is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops.This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley.There is a tremendous amount of development and job availability in the immediate area.Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within a 10 min drive.
Property Type(s):
Residential Income
| Last Updated | 10/23/2024 | Year Built | 1965 |
|---|---|---|---|
| Community | Hollywood | County | Los Angeles |
Price History
| Prior to Oct 23, '24 | $17,300,000 |
|---|---|
| Oct 23, '24 - Today | $18,500,000 |
Additional Details
| APPLIANCES | Disposal |
|---|---|
| AREA | Hollywood |
| GARAGE | Underground |
| HEAT | Electric, Heat Pump |
| LOT | 0.62 acre(s) |
| LOT DIMENSIONS | 170x160 |
| PARKING | Underground |
| STORIES | 4 |
| STYLE | Contemporary |
| VIEW | Yes |
| VIEW DESCRIPTION | Park/Greenbelt |
| ZONING | LAR3 |
Location
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Listed with Keller Williams Realty Calabasas
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