6611 Leland Way, Hollywood, CA 90028

Property Description

*CAN BE DELIVERED FULLY RENTED AT THE MARKET RENT OF $20,000/MONTH WITH A 2 YEAR MASTER LEASE. THIS MEANS AN ACTUAL CAP RATE OF 5.43%!!! 
 6611 Leland is a massively impressive new construction fourplex smack dab in the center of PRIME Hollywood. Located directly off of Sunset Blvd between Highland and Cahuenga, this luxurious property is steps from the countless destinations the area is famously known for. Directly behind 6611 Leland you’ll find upscale eateries such as “Gwen” and “Tocaya Organica”. For those of you buyers who’d prefer to do traditional leasing as opposed to the master lease at market rent we are offering, you’ll find that cream-of-the-crop tenants will be knocking down the doors to these units!
 
 6611 Leland is made up of two 3-story duplexes with sweeping views of Hollywood and the LA skyline. At a total of 6,772 square feet, the units are extremely large and have beautifully designed open floor plans, which seem even larger with all of the natural light coming in from the floor to ceiling windows and skylights. The unit mix consists of two enormous 4 bedroom, 3.5 bathroom units (1,881 SF), one 3 bedroom, 3.5 bathroom unit (1,799 SF) and one 2 bedroom, 2.5 bathroom unit (1,221 SF). Aside from the unbeatable location and design, other perks include: high return, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters.