Charming 7,740 SF building situated on a 5,515 SF LARD1.5 zoned corner lot. The property is composed of eight (8) very spacious 1+1 units, each averaging over 950 square feet. The property was built in 1925, has charming features, high ceilings, arched doorways and each unit has a large den… Read More area. Each unit is separately metered for gas and electricity and has separate H20 heaters. One Unit will be delivered VACANT! Over 6% CAP Rate! Extremely well located in the heart of East Hollywood, near Fountain Ave. & Vermont Ave., just a few minutes from the 101 Freeway. It's within close proximity to everything Hollywood and Los Feliz have to offer; like Square One, The Good Good, Melody, Found Oyster, and many other restaurants & bars! Moreover, the property is just minutes away from the 101 freeway and has many nearby public transportation options. This location is deemed a walker's paradise with a walk score of 91 out of 100, given its close proximity to restaurants, grocery stores, and every day necessities. Kaiser Permanente Hospital, Children's Hospital and Los Angeles City College (LACC) are within one mile of the property as well as many Studios providing many employment opportunities in the local area. The property is located in the City of Los Angeles and is subject to Rent Control. Read Less
Property listed by Equity Union, Nicole Apostolos 818-989-2000
Listing Snapshot
Days Online
131
Last Updated
Property Type
Other
Beds
8
Square Ft.
7,740
Lot Size
0.13 Acres
Year Built
1925
MLS Number
24427301
30 Days Snapshot Of 90029
$680k
-38%
(avg) sold price
1
-75%
home sold
77
+75%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Building area total: 7,740, Levels: Two, Living area: 7740, 2 stories, 1 building
Cooling
WallWindowUnits
Heating
None
Income
Gross income: $167,772, Net operating income: $112,429
Lot
0.1267 acres, 5,517 square feet, Size: 5,517
Parking
None
Property
Zoning: LARD1.5
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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