Property Details
About this Property
We are pleased to present the opportunity to acquire a fixer 6 unit apartment building in East Hollywood! 4 of the 6 units will be delivered VACANT and present the ideal situation for a buyer to remodel and renovate the vacant units right away! The building consists of 2 structures--the front building consists of 5 units and the back building consists of 1 unit. ALL the units are in a heavy fixer condition. There are also 4 detached garages in the back lot, which can be converted to one or more ADUs. The spacious +/- 7,895 sq. ft. lot. also presents the opportunity to build additional ADUs on the lot. Upon renovating and repositioning the units, the buyer can realize annual rental income of at least $175,200. Located in an Opportunity Zone, the building could provide potential tax benefits for a buyer! The buyer also has the option to revise the unit interior floor plans to maximize revenue. Given the building's central location in the bustling rental Hollywood rental market and close to Virgil Village, Melrose Hill, and the numerous establishments across Santa Monica Blvd., this is a value-add investment not to be missed!
MLS Listing Information
MLS #
CRSR24182288
MLS Source
California Regional MLS
Days on Site
76
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Contact Information
Listing Agent
Anie Mayelian
Keller Williams Realty Calabasas
License #: 00778825
Phone: –
Co-Listing Agent
Aleen Mayelian
License #: 02198281
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | – |
1150 N Kingsley Dr is a Residential Income in Los Angeles, CA 90029. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,299,999 and was built in 1928. This address can also be written as 1150 N Kingsley Dr, Los Angeles, CA 90029.
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This listing information is up-to-date as of September 04, 2024. For the most current information, please contact Anie Mayelian
