Introducing an exceptional four-unit property that spans an impressive 1,956 square feet, elegantly set on a spacious 4,727 square foot lot. This property is brimming with potential for the discerning investor. With ample room for the addition of four more ADUs in the backyard, you can significantly enhance your rental… Read More income. Experience breathtaking views of the vibrant neighborhood and iconic Hollywood, embodying the charm of this trendy area. Currently, all four units benefit from long-term, reliable tenants, each unit attractively priced below the current market rates, providing an incredible opportunity for substantial rent increases. Many units feature tasteful renovations, further enhancing their appeal. Located in the lively and picturesque Melrose Hill, a true treasure within the Hollywood Studio District, this property is an outstanding investment opportunity waiting for the right owner to unlock its full potential. Read Less
Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
Listing Snapshot
Days Online
9
Last Updated
Property Type
Other
Beds
3
Square Ft.
1,956
Lot Size
0.11 Acres
Year Built
1927
MLS Number
25531939
30 Days Snapshot Of 90029
$872k
-28%
(avg) sold price
4
+33%
homes sold
77
+40%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1927, Building area total: 1,956, Levels: One, Living area: 1956, 1 story, 1 building
Heating
WallFurnace
Income
Gross income: $61,968, Net operating income: $41,576
Lot
0.109 acres, 4,748 square feet, Size: 4,748
Parking
4 totals parking, DoorMulti, Garage
Property
Zoning: LAR1
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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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