Description

Charming 5-Unit TURN-KEY CASH FLOW (6.7% CAP RATE) & HIGH-END RENOVATIONS Multifamily Investment in Prime Hollywood Location offering benefits from 3.75% interest-only assumable financing fixed through December 2028. Front structure is a Spanish style 2-story 4 plex that consists of all 1bd1ba casitas. The rear structure is a detached Craftsman style 2-story 3bd3ba home. There is a detached 5 car garage off the alley and a driveway off the street, totaling 6 parking spaces. The property has undergone a complete rehab with new roof, windows, plumbing, electrical, kitchen/bathroom remodels, tankless water heaters, in-unit laundry, hardwood floors, high ceilings, ac/heat, 5 car garages w/ automatic doors, drought tolerant landscaping, exterior lighting, automatic driveway gate, ring cameras, and more. Three of the 1bd1ba units have recently been rented achieving projected market rents and one is vacant. The SFR is also vacant, perfect for an Owner/User and/or Family compound opportunity. Just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Tenants are responsible for all utilities as RUBS has been set up on the property for water, keeping operating costs low. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood. Come see it while its available!