Thank you
Richard M Chernock
KW Advisors
310-482-2200
Great Location! Four Plex in Prime location just North of Melrose. Zoned LAR3 . There are four 1 bdrm + I bthrm units in the Bldg., plus Two garages with one car parking for each unit. All units are occupied. The Bldg. is approx 6792 sq ft. Walk to stores, restaurants and shops. Tree lined St. with parking. With strong current income and future rental upside potential, this property offers significant value. All units are separately metered for gas and electricity. See DOCS for Rent Roll & Financials. Tenant occupied property shown by the agent only . Inside with accepted offer. Pls do not disturb the Tenants. Seller is selling this property in its present as-is condition and will not be making repairs or improvements. Financial information is provided by Property Owner and not guaranteed by Agent or Seller. Buyer to confirm financial information and property condition through inspections during escrow. This property is covered by City of Los Angeles Rent Control, Buyer to fully investigate. Agent Most of the 4 units have been updated. Recent upgrades include some plumbing,newer electrical in some units. it's worth noting it's location is close to west Hollywood shopping, the Grove and Holywood. Plenty of upside in current rents. The Bldg. has been managed by its owners. , Priced to sell!.
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Total Bedrooms : 4
Total Baths: 4
Full Baths: 0
Half Baths: 0
Water Source : Public
Sewer : Sewer Tap Paid
Roof : Composition
Property Appliances: Dishwasher,Oven,Refrigerator,Dryer,Washer
Flooring: Tile,Wood
Wall/Window Unit(s)
Air Conditioning
Central,Forced Air
Has Heating
Year Built: 1928
Building Area Total: 3,932
Roof: Composition
Combination
Gated Community,Window Bars
None
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1545
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6731
Original List Price: 1,550,000
Listing Contract Date: 2024-04-26
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5535002003
Garage Description: Garage
Lease Term: Negotiable
Tenant Pays: Cable TV,Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C20 - Hollywood
Postal Code Plus 4: 4303
Directions: North of Melrose Ave. on N. Van Ness
Zoning: LAR3
Source Property Type: Residential Income
Area: C20 - Hollywood
Property Age: 96
Year Built Source: Vendor Enhanced
Total Square Feet Living: 3932
Entry Level: 1
Entry Location: Ground Level w/steps
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
6021 Romaine Street, Los Angeles, CA,90038 | $1,550,000 | 4 | 2 | 1,512 | 5858 Sqft |
5851 La Mirada Avenue, Los Angeles, CA,90038 | $1,350,000 | 6 | -- | 2,118 | 7200 Sqft |
5666 W Lexington Avenue.., Los Angeles, CA,90038 | $2,450,000 | 5 | 1 | 2,799 | 7501 Sqft |
5415 Monroe Street, Los Angeles, CA,90038 | $1,199,000 | 3 | -- | 1,855 | 6748 Sqft |
847 N Cherokee Avenue, Los Angeles, CA,90038 | $1,350,000 | 2 | -- | 1,412 | 6284 Sqft |
5342 Lemon Grove Avenue, Los Angeles, CA,90038 | $1,299,000 | 5 | 2 | 1,876 | 7001 Sqft |
1203 N Garbo Lane, Los Angeles, CA,90038 | $1,450,000 | 3 | 3 | 2,345 | 1438 Sqft |
5837 Willoughby Avenue, Los Angeles, CA,90038 | $1,395,000 | 4 | 2 | 1,681 | 6500 Sqft |
6219 Banner Avenue, Los Angeles, CA,90038 | $3,600,000 | -- | -- | -- | 13761 Sqft |
848 N Las Palmas Avenue, Los Angeles, CA,90038 | $3,150,000 | 6 | 4 | 3,474 | 6381 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 00:33
MLS: 24385079
LISTED BY: Richard M Chernock, KW Advisors
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.