Hollywood Investment Gem – 7-Unit Value-Add with Upside Rent Potential
Now available: a rare multifamily investment opportunity in the heart of Hollywood, ideally located between Santa Monica Blvd and Sunset Blvd, with Fountain Ave as the cross street
Add a high-potential asset to your portfolio in one of Los Angeles’ most in-demand rental submarkets. 7 Total Units:
• (1) Two-Bedroom, Two-Bath
• (4) One-Bedroom, One-Bath
• (2) Studio Units
Reliable income from 5 out of 7 units, while upgrading remaining units to achieve full market rates.
The interiors are slightly dated, but the spacious layouts and solid construction offer a perfect cosmetic value-add opportunity. Light updates will easily elevate the property and restore its classic Hollywood charm.Located in a high-demand, walkable neighborhood, just steps from studios, nightlife, and transit. Long-term appreciation and income upside make this a smart play for savvy investors.
Home Style:
Mid-Century Modern
Property Sub Type:
Mixed Use
Property Attached:
Yes
Lot Area:
6,492 sq. ft.603 m2
Bathrooms:
-
(Full:-, Half:-)
Year built:
1960
(Age: 65)
General Listing Location:
Los Angeles, C20 - Hollywood
County Or Parish:
Los Angeles
Tenant Pays:
All Utilities
Common Interest:
None
Gross Income:
$0
Gross Scheduled Income:
$0
Net Operating Income:
$0
Rent Control:
Yes
Total Actual Rent:
$7,719
Land Lease:
No
Electric Expense:
$0
Fuel Expense:
$0
Insurance Expense:
$0
Operating Expense:
$0
Professional Management Expense:
$0
Trash Expense:
$0
Water and Sewer Expense:
$0
Tax Lot:
166
Fountain Ave/Gordon St
Floor
Type
Size
Other
-
Bedroom
Measurements not available
All Bedrooms Down
-
Bedroom
Measurements not available
All Bedrooms Up
View:
None
Appliances:
Free-Standing Range, Gas Range
Accessibility Features:
No Stairs, Parking
Number of Buildings:
1
# of Electric Meters:
7
# of Gas Meters:
7
# of Water Meters:
1
# Units Leased:
5
Community Features:
Curbs, Street Lights, Sidewalks, Urban
Senior Community:
No
Interior Features:
Ceiling Fan(s), Ceramic Counters, Tile Counters, All Bedrooms Up, All Bedrooms Down