8,990 Sqft Lot
8,990 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26079848
HOA Y/N No
Year Built 1926
Lot Size 8,990 Sqft
Lot Dimensions Assessor
Property Sub-Type Multi Family
Property Description
Located in a prime Hollywood neighborhood, the property offers exceptional convenience with close proximity to shopping, dining, entertainment, hospitals, schools, and easy access to major freeways, including the 101, 10, 110, and 5. Enjoy the vibrant lifestyle and nightlife that Hollywood is known for. Street parking is readily available throughout the surrounding area.
The property consists of three separate buildings: 1. Right building # 1246 : 3 units. 2. Left building # 1250 : 3 units. 3. Real building # 1248: 2-story structure with 2 units upstairs and 2 units downstairs.
The tenant mix includes long-term residents with both month-to-month and one-year lease agreements. Each unit is separately metered with 10 gas meters and 10 electric meters. Tenants pay their own gas, electricity, and trash services. The landlord pays for water bills.
Financial Highlights: Gross annual income $ 141,372.00. Total annual expenses $ 40,115.00. ( Gardener: $ 2,400.00., Insurance $ 17,000.00, Property Taxes $ 14,715.00, water $ 6,000.00 ).
The seller intends to complete a 1031 exchange. Buyer cooperation is requested; however, this will not result in any additional cost to the buyer.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 5540010012
Acceptable Financing Cash to New Loan, 1031 Exchange
Listing Terms Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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