Description

5 UNITS DELIVERED VACANT! Prime Net Lease is pleased to present an exceptional eight-unit multifamily investment opportunity in the heart of prime Hollywood. Nestled in one of the most sought-after markets in Los Angeles, this property offers unparalleled access to major thoroughfares and is just minutes from Hollywood’s world-famous entertainment, shopping, and dining districts. The property also boasts a WalkScore of 96, making it a walkers paradise. This well-maintained building, constructed in 1956, spans 6,750 square feet of living space on a 7,489 square foot LAR3-zoned lot. The property features a strong unit mix, including five (5) one-bedroom, one-bath units and three (3) two-bedroom, one-bath units, making it an appealing choice for a variety of tenants. Adding to its value, six of the units come with covered parking spaces in the rear (with potential to add a 7th spot).For investors, this property represents a significant value-add opportunity. With five of the eight units to be delivered vacant, a savvy investor has immediate potential to renovate and capture higher market rents. Additionally, the property includes an on-site laundry room, providing convenient amenities for tenants while generating extra income. Separately metered gas and electric systems help keep operating costs low, enhancing profitability.