GREAT INVESTMENT OPPORTUNITY! This REO multifamily is located in the East Hollywood neighborhood of Los Angeles. The property has renovated furnished units while being walking distance from the Metro Line across from LA City College. There is also easy 101 Freeway access for travel. Originally built in 1921 as a 4-unit multi-family structure, the building has undergone renovations (without city permits) that added 4 additional units, bringing the total to 8 units. The two original ground floor units have been converted into four units, while the covered garage spaces have been converted into two units. The renovated units are a mixture of (2) studio, (2) 1 bedroom + den, and (4) 2 bedroom units. 75% of the units are furnished and vacant, ready for a new owner to come and work their magic.
MLS# | 24451451 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1921 |
Days On Site | 24 |
Listing Provided By | Lee & Associates Investments Services Group Inc 213-623-0800 | Alvin Scioneaux |
Bed(s) | 12 |
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Bath(s) | 10 |
SQ Feet | 4,116 |
Units | 8 |
Building(s) | 2 |
Zoning | LARD1.5 |
Acreage | 0.14 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90029 |
Area | C20 Hollywood |
Listing VS Median (in 90029) | |
Price: $1,800,000 low | high Med: $1,837,250 SqFt: 4,116 low | high Med: 3,644 $ / SqFt: $437 low | high Med: $504 On Site: 24 low | high Med: 134.000000 |