9 units for sale – 8 units NON-LA RENT CONTOL – Increase 8% immediately 11.3 GRM 6.2 Cap Rate 9 units total – Hollywood Hills – Quiet street, up-market neighborhood 8 units not subject to city of LA Rent Control (Certificates of Occupancy after 1981) 2 buildings totaling +/- 8,632 sq ft Lot zoned R3/TOC Tier 3 – +/- 10,222 sq ft – room for ADU’s – Excellent condition, beautifully maintained, highly secure w/gated entry – Unit mix: (1) three bed two bath (owners’ unit) (2) two bedroom two bath (6) one bedroom – West building (built 1912, 1981 and 1983) three units: (1) three bedroom two bath and (2) one bedroom units (one beds no LA RSO) – East building(built 2008) six units – (2) two bed two bath and (4) one bed one bath (all six units non LA RSO); 5.7 megawatt solar system; elevator; each unit has central air, balconies and washer/dryer, real hardwood floors – Three bed unit (owners’) and (2) one bed units will be delivered vacant (calculated at accurate market rent in investment analysis) – 17 secure, covered parking spaces behind automatic gate (one for each bed plus four) – Must see – PLEASE DO NOT ENTER PROPERTY W/OUT BROKER OR DISTURB TENANTS.
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