PICTURES ARE LOADING...
House & single-family home for sale in Hollywood
USD 1,499,000
House & Single-family home (For sale)
Reference:
EDEN-T95673004
/ 95673004
Charming 1920's property located in East Hollywood, near Santa Monica Blvd. and Western Ave. with very easy access to the 101 Freeway. The property is made up of 8 units, with a GREAT unit mix of Studios, 1+1's, and 2+1's. Six (6) out of Eight (8) units are separately metered for gas & electricity with Two (2) Units, (5337 & 5537 1/2) sharing a master meter. All units have separate H20 heaters! Some of the plumbing has been upgraded to copper. Some of the units have been tastefully updated and one unit was fully remodeled in 2023. The property boasts a 5.56% CAP rate and 12.77 GRM with tremendous rental upside! The neighborhood is deemed a "very walkable" neighborhood with a walk score of 92 out of 100! Less than half a mile from the new Echelon Studios Complex project of 550,000 SF of new production studio, office, and retail space set to be completed in 2026. The subject property is an excellent opportunity for a buyer looking to acquire a day one cash flow investment property. It has been well maintained by the current ownership. The subject property is located in the city of Los Angeles and is subject to rent control.
View more
View less
Charming 1920's property located in East Hollywood, near Santa Monica Blvd. and Western Ave. with very easy access to the 101 Freeway. The property is made up of 8 units, with a GREAT unit mix of Studios, 1+1's, and 2+1's. Six (6) out of Eight (8) units are separately metered for gas & electricity with Two (2) Units, (5337 & 5537 1/2) sharing a master meter. All units have separate H20 heaters! Some of the plumbing has been upgraded to copper. Some of the units have been tastefully updated and one unit was fully remodeled in 2023. The property boasts a 5.56% CAP rate and 12.77 GRM with tremendous rental upside! The neighborhood is deemed a "very walkable" neighborhood with a walk score of 92 out of 100! Less than half a mile from the new Echelon Studios Complex project of 550,000 SF of new production studio, office, and retail space set to be completed in 2026. The subject property is an excellent opportunity for a buyer looking to acquire a day one cash flow investment property. It has been well maintained by the current ownership. The subject property is located in the city of Los Angeles and is subject to rent control.
Reference:
EDEN-T95673004
Country:
US
City:
Los Angeles
Postal code:
90029
Category:
Residential
Listing type:
For sale
Property type:
House & Single-family home
Property size:
5,350 sqft
Lot size:
4,199 sqft
Rooms:
8
Bedrooms:
8
REAL ESTATE PRICE PER SQFT IN NEARBY CITIES
| City |
Avg price per sqft house |
Avg price per sqft apartment |
|---|---|---|
| Los Angeles | USD 795 | USD 776 |
| Mahou Riviera | USD 1,826 | - |
| Newport Beach | USD 1,109 | - |
| Orange | USD 551 | USD 491 |
| Riverside | USD 279 | USD 259 |
| California | USD 501 | USD 482 |
| Santa Clara | USD 854 | - |
| Maricopa | USD 252 | - |
| United States | USD 406 | USD 688 |