This East Hollywood quadruplex is located in the highly desirable Melrose Hill area of Hollywood, recently rated as one of the coolest neighborhoods in the world. Walking distance to Lemon Grove Park, and close to all the studios, trendy restaurants, coffee shops and entertainment Hollywood has to offer. There… Read More are three one bedroom/one bathroom units, one of which has been entirely remodeled. There is a two bedroom/two bathroom unit, which has also been remodeled recently. This is a great opportunity for an investor or owner-occupied investor. This fourplex is in an area that is clearly moving up in value, with many brand-new apartments being constructed around this one, and we have priced it at the price of a 3-unit property!!! This is the best deal you will find in LA! East Hollywood has been in a resurgence, which makes it a great opportunity to own a property now before the prices become unattainable. The property has a recently added laundry area, and three of the units have tankless water heaters. The foundation has been bolted, along with many other upgrades, with permits. The property has been well maintained and has great upside in a great rental area. Read Less
Property listed by Los Angeles Realty Company, Inc., Aram Yeghiayan 626-840-1331
Listing Snapshot
Days Online
63
Last Updated
Property Type
Other
Beds
5
Square Ft.
3,020
Lot Size
0.17 Acres
Year Built
1921
MLS Number
24454825
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
Appliances & Equipment
Dishwasher
Building
Built in 1921, Building area total: 3,020, Levels: One, Living area: 3020, 1 story, 2 buildings, Architectural style: Spanish
Fireplaces
Decorative
Heating
Combination
Income
Gross income: $51,036, Net operating income: $30,729
Laundry
CommonArea, LaundryRoom
Lot
0.1671 acres, 7,280 square feet, Size: 7,280
Parking
6 totals parking, Driveway
Pool
None
Property
Zoning: LARD1.5, Porch, None
Roof
Composition, Shingle
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Spa
None
Tenant Pays
CableTv, 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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