List Price: $1.57M

Listing Status: ActiveUnderContract

Original List Price: $1.89M

Days on Market: 154

12 Bedrooms · 12 Bathrooms · 7,556 sq ft

Property Type: ResidentialIncome

Year Built: 1924

Lot Size: 10,799 sq ft

MLS Number: 25631721

About This Property

A rare investment opportunity in the highly sought after East Hollywood submarket of Los Angeles. The property consists of 12 well-maintained 1 bedroom 1 bathroom units spread across five detached buildings, all featuring upgraded roofs and sewer lines. Situated on approximately 10,779 square feet of gated land, the property showcases classic Spanish style bungalow architecture centered around a charming landscaped courtyard. The location is exceptional, in an Opportunity Zone, and a close distance to historic Sunset Boulevard, LA City College, and the Santa Monica Vermont Metro Station. Residents enjoy close proximity to Silver Lake and the vibrant retail, dining, and entertainment scene at Sunset Junction. Nearby favorites include Erewhon, Intelligentsia, The Black Cat, La Colombe Roasters, and many more. With convenient access to Downtown Los Angeles and major Hollywood employment hubs, the area is highly attractive to young professionals. Below market rents combined with substantial value add potential present an exceptional opportunity for investors to capture nearly 90% rental upside, with an attractive current CAP of over 5.5%.

Listing provided by: Coby Chatwin DRE #01998822 310-695-6510 coby@linkbrokerages.com, Link Brokerages

Source: CRMLS, MLS #: 25631721

Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.