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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,290,000

Est. payment - /mo

8,572 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26185581

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1921

Lot Size 8,572 Sqft

Property Sub-Type Apartment

Property Description

First time on market in 50 years. A Fourplex plus duplex - Six units - Four units 2 bed 1 bath and Two units 1 bed 1 barh - each with its own laundry and ample closets for storage A unique multifamily located in East Hollywood, Freeway close and convenient to entertainment, KTTV Studios, Paramount Studios, Netflix, Kodak Theater, Greek Theater, Griffith Park, minutes from Downtown Los Angeles.

Pride of ownership with three 2024-2026 upgraded units in upscale architectural and design features and amenities. No expense was spared in upgrading the three units to Architectural Digest standards. New plumbing, new electrical in two units and partial new electrical in one unit, new flooring, new kitchen and bath fixtures. Owner user for one unit and long term hold with income from rentals with potential for a future redevelopment for multifamily project (to be verified with City of Los Angeles). Five units will be delivered vacant. Buyer will be able to rent the vacant units at market or start plans for a redevlopment without the extreme cost of relocating tenants.

All income and expenses are estimated and proforma based on the renovated upgraded units and market rents for such units. Building will be delivered with five vacant units. Buyer to perform its own due diligence. Broker does not warranty any of the information. Broker has not verified any of the information nor will broker verify any of the information.

Vacant units can be rented at market rents of up to $2,800 for the one bedroom units and up to $3,650 for the two bedroom units. Four detached garages that can produce additional rental income of $150 each. As five units will be delivered vacant, the GRM is based on proforma future tenancy. The unit sizes are approximate.

Zoning information gathered from ZMAS - ZI-2374 State Enterprise Zone: Los Angeles - R3-1XL ZI-2427 Freeway Adjacent Advisory Notice for Sensitive Uses - ZI-2452 Transit Priority Area in the City of Los Angeles - ZI-2512 Housing Element Sites - General Plan land use - Medium residential.

Buyer to verify All information provided above. Broker, owner or any other representative of the owner has not verified nor will verify any of the information. Buyer to perform its due diligence with its own experts.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Interior

Interior Features Ceiling Fan(s), Multiple Staircases, Quartz Counters

Cooling Wall/Window Unit(s)

Fireplaces Type Dining Room, Electric, Gas, Kitchen, Living Room, Primary Bedroom

Fireplace Yes

Laundry Washer Hookup, Inside

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Curbs, Sidewalks

Utilities Available Cable Available, Electricity Available, Natural Gas Available

Total Parking Spaces 4

Private Pool No

Building

Lot Description Level, Near Public Transit, Street Level

Story 2

Sewer Public Sewer

Architectural Style Mediterranean

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5537018013

Energy Description 500.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Vic Deirmendjian Vic J. Diermendjian 818-519-6755, DRE #00599219

NEARBY SCHOOL & BUSINESS

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1007 N Normandie Los Angeles, CA 90029