2108 Tavern, Hollywood Hills, CA 90046

Property Description

Unique and charming Laurel Canyon income property opportunity. The subject property is a tri-level duplex that offers a 4.57% cap on current income and a 5.70% cap at market rents. The property could also be converted to SFR per it's R1 zoning. Property has been renovated extensively with owner's intent to occupy. Renovations include: newer concrete foundation, copper plumbing, smooth drywall, new flooring, windows, high end appliances, new electrical wiring, recessed ceiling lights, granite counter tops, cabinetry, and name bran appliances. The lower unit is townhouse style, has two bedrooms, and two bathrooms, a large master bedroom with walk-in closet, remodeled bathroom, outdoor breakfast area at the lower level, and a private side yard with an enclosed storage room that could be used as an office. The upper unit has two bedrooms, one bathroom, and features a breakfast nook, large living room with a portrait window overlooking Laurel Canyon, enclosed private side yard, and enclosed storage. Each unit has individual washer and dryers. This is a unique opportunity to own an investment property with long-term potential. Located just behind Pace in the Canyon and a few steps from Canyon Country store.