Shant Dimijian
Berkshire Hathaway Home Services Golden Properties
626-797-7622
Well-maintained building with significant value-add opportunity - boasts an attractive unit mix with tremendous upside in rents to maximize ROI. Property is fully occupied, with all tenants on a month-to-month lease. It can be reverted to 10 units, as the single 2bd/2ba unit has two electrical meters - was originally two separate 1bd/1ba units. Has a common laundry area that provides extra income, and one on-site parking space allocated to each unit. Located in the Melrose Hill area adjacent to Larchmont, the property is perfectly situated to provide easy access to Central & West Hollywood, Downtown Los Angeles and Koreatown.
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Water Source : Public
Sewer : Public Sewer
Fireplace: None
Wall/Window Unit(s)
Air Conditioning
Fireplace Features: None
Has Fireplace: 0
Year Built: 1961
Building Area Total: 7,918
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.172
Lot Size Source: Assessor
Lot Size Square Feet: 7493
Original List Price: 1,985,000
Listing Contract Date: 2024-05-02
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5521011001
Garage Description: Assigned
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C20 - Hollywood
Directions: East of Western Ave, South of Melrose Ave.
Zoning: LAR3
Source Property Type: Residential Income
Area: C20 - Hollywood
Property SubType: Mixed Use
Property Age: 63
Common Walls: 2+ Common Walls
Structure Type: Mixed Use
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
101 S Mariposa, Los Angeles, CA,90004 | $2,100,000 | 4 | 2 | 1,890 | 4796 Sqft |
161 S St Andrews Place, Los Angeles, CA,90004 | $4,550,000 | 21 | -- | 15,606 | 8490 Sqft |
641 N Hobart Boulevard, Los Angeles, CA,90004 | $7,550,000 | 18 | -- | 16,035 | 7506 Sqft |
4572 Rosewood Avenue, Los Angeles, CA,90004 | $1,295,000 | 4 | -- | 2,114 | 4994 Sqft |
543 N Heliotrope Drive, Los Angeles, CA,90004 | $2,150,000 | 10 | 5 | 4,808 | 8000 Sqft |
246 N Catalina Street #4, Los Angeles, CA,90004 | $2,500 | 1 | 1 | 690 | 7779 Sqft |
501 N Gower Street, Los Angeles, CA,90004 | $1,995,000 | 3 | 3 | 1,803 | 5577 Sqft |
4835 Elmwood Avenue #4835, Los Angeles, CA,90004 | $4,100,000 | 17 | -- | 6,870 | 7248 Sqft |
126 N Kingsley Drive, Los Angeles, CA,90004 | $1,950,000 | 5 | -- | 2,202 | 6171 Sqft |
315 N Normandie Avenue, Los Angeles, CA,90004 | $2,394,999 | 13 | -- | 3,908 | 4500 Sqft |
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ByOwner last updated this listing 05/24/2024 @ 15:26
MLS: PF24088694
LISTED BY: Shant Dimijian, Berkshire Hathaway Home Services Golden Properties
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.