7350 Hollywood

    Los Angeles (City), CA 90046
    • $4,650,000
    • STATUS: Active
    • ON SITE: 19 days
    • ID#: 20576396
    UPDATED: 37 min ago
    $4,650,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:

    School Ratings & Info

    Description

    Trophy 7 units property located in one of the most desirable parts of Hollywood and rental market. The subject property is a two-story building, offering over 9600 rentable SF and is situated on a 10,728 SF corner lot. Very attractive unit mix with 1 (Three beds), 4 (two beds), 1 (One bed) and 1 studio. All units are very spacious, some 2 stories, have private entrance and patio/balconies. Four units have been remodeled to the studs with brand new flooring throughout, new central A/C, plumbing, electrical, beautiful decorative fireplace, high ceilings, marble counter tops, washer dryer in suite, stainless steel stove, fridge, wine cooler, dishwasher, microwave, custom tiles and designer paint throughout. The roof and landscaping are brand new. Garage redone inside with new doors. 2 tenants are still paying low rent and big upside available on those units to get over 5 Cap. This is perfect investment for owner/user, 1031 buyer, or someone looking to add unique asset in his portfolio.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T00:26:52.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/105657243

    7350 Hollywood Los Angeles (City), CA 90046

    • Price: $4,650,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: 20576396
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    1921
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Trophy 7 units property located in one of the most desirable parts of Hollywood and rental market. The subject property is a two-story building, offering over 9600 rentable SF and is situated on a 10,728 SF corner lot. Very attractive unit mix with 1 (Three beds), 4 (two beds), 1 (One bed) and 1 studio. All units are very spacious, some 2 stories, have private entrance and patio/balconies. Four units have been remodeled to the studs with brand new flooring throughout, new central A/C, plumbing, electrical, beautiful decorative fireplace, high ceilings, marble counter tops, washer dryer in suite, stainless steel stove, fridge, wine cooler, dishwasher, microwave, custom tiles and designer paint throughout. The roof and landscaping are brand new. Garage redone inside with new doors. 2 tenants are still paying low rent and big upside available on those units to get over 5 Cap. This is perfect investment for owner/user, 1031 buyer, or someone looking to add unique asset in his portfolio.
    Exterior Features

    Architectural Style Spanish Entry Location Foyer Lot Size Units Square Feet Parking Features AssignedCoveredDetached CarportGated Parking YN Yes View City LightsMountain(S) View YN Yes

    Interior Features

    Appliances DisposalRefrigerator Appliances YN Yes Cooling Central Air Cooling YN Yes Fireplace Features DecorativePatio Fireplace YN Yes Flooring WoodLaminate Heating Central Heating YN Yes Levels Multi/Split

    Property Features

    Additional Parcels YN No Gross Income 289452.00 Gross Multiplier 16.00 Gross Operating Income 280804.00 Net Operating Income 193000.00 Property Condition Updated/Remodeled Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 88000.00 Zoning Lar3

    Listing provided courtesy of Jessica Barouch of Keller Williams Studio City


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T00:26:52.123. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
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