We are pleased to present the opportunity to acquire 3143 Hollycrest Drive, a charming four-unit apartment building in the Hollywood Hills. Built in 1954, the two-story property sits on a 6,439 square foot lot with 2,998 square feet of rentable space and is comprised of four one-bed/one-bath units with private patios and on-site laundry. The property provides tenants with on-site parking and gated entry. The property will be delivered with one vacant unrenovated unit that can be remodeled and rented out at market rate or occupied by an owner/user. Only one unit has been lightly renovated at this property, which boasts a tremendous opportunity for a new investor to add significant value to this property over the course of ownership. Units 1 and 2 are larger floorplans that are identical with larger living rooms and a dining area. Unit 2 and 3 are slightly smaller floorplans and have a dining area as well. Units 3 and 4 both come with high ceilings that allow for lots of light and a very spacious feel for tenants. Only one long-term tenant occupies this property, and their rent is over $2200 per month.
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/05/2024 @ 22:52
MLS: 24346183
LISTED BY: Sevak Keshishian, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
