1641 N Hobart Blvd, Los Angeles, CA 90027

Property Description

Significant Value-Add Opportunity - Current rents at the property are well below market. There is approximately 50% upside in the current rents. | Delivered with Three Vacancies - The property will be delivered with three (3) vacant units (two (2) 1-bedroom units and one (1) studio unit)). The units are rent-ready, however a new investor may wish to renovate the units further to achieve a higher rent. | Great Location Next to Many of LAs Best Neighborhoods - The subject property is located near the corner of Hollywood Blvd and Hobart Blvd. Just south of the Hollywood Hills with a number of new development in the surrounding area. Adjacent to the trending neighborhood of Los Feliz. | Opportunity for Additional Income - There are 7 parking spaces on-site and no soft-story retrofit is required. Current ownership does not charge for parking. New ownership may choose to change that and add parking income. | On-Site Laundry - Laundry is located on-site for tenant use. Current washers and dryers are grossing an average of $50 a month. | Attractive Financing Available - Attractive purchase financing is available. Please inquire with the listing agent for more details.