8 bedroom house for sale

Overview

Charming 1920's property located in East Hollywood, near Santa Monica Blvd. and Western Ave. with very easy access to the 101 Freeway. The property is made up of 8 units, with a GREAT unit mix of Studios, 1+1's, and 2+1's. All units are separately metered for gas and electricity and have separate H20 heaters! Some of the plumbing has been upgraded to copper. Some of the units have been tastefully updated and one unit was fully remodelled in 2023. The property boasts a 5.01% CAP rate and 13.42 GRM with tremendous rental upside! The neighborhood is deemed a very walkable neighborhood with a walk score of 92 out of 100! Less than half a mile from the new Echelon Studios Complex project of 550, 000 SF of new production studio, office, and retail space set to be completed in 2026. The subject property is an excellent opportunity for a buyer looking to acquire a day one cash flow investment property. It has been well maintained by the current ownership. The subject property is located in the city of Los Angeles and is subject to rent control. For more details and to contact: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69083709