Amazing opportunity to own a 10-unit property in up-and-coming located East Hollywood! Property has not been on the market for 50 years and has huge upside potential! Well maintained building already has been seismic earthquake retrofitted. Market rents would give this property a potential 11.9 GRM and 5.7% Cap. Don’t miss out on this opportunity to improve on this gem!
•10 Units + 10 Parking Spaces
•Eight 1 Bedroom / 1 Bath Units
•Two 2 Bedroom / 2 Bath Units
•Property has been seismic earthquake retrofitted
•Central East Hollywood Location
•Near Los Feliz, Silver Lake, Hollywood, Downtown
•Close to 101, 110 and 10 freeways
•First time on the market in 50 years
•Great value add property
Offered at $2,395,000
Watch an AERIAL VIDEO TEASER of this property here!
Please contact Will Tiao at (323) 363-1096 with any questions about this property!