First time on the market...Terrific opportunity to own an income producing 8 unit multifamily investment property located in the Hollywood area just south of Santa Monica Blvd. and north of Melrose Avenue. Convenient to shopping, transportation, banking, schools, restaurants, and Paramount Studios.
There are 5 studio apartments, and 3 one bedroom, 1 bath apartments. Amenities include entry doors to each apartment are from the famous Ambassador Hotel (imagine the stories they could tell if they could talk), tile countertops, refrigerators, stoves, hardwood flooring, either wall heat units, & wall air conditioners, or split A/C/heat units, and an abundance of windows allowing sunlight to filter through each unit. Other features nice to have are 3 single garages, 1 additional uncovered parking space, a separate laundry room with 2 coin-operated washing machines and 2 coin-operated dryers.
Tenants are responsible for their own utilities with the exception of water, & sewer. There is a resident manager that oversees the property for the owner
PLEASE NOTE: This listing is also listed as a commercial listing with Listing ID: PW20263398. FYI: There are 9 electric meters and 9 gas meters.
Based on information from California Regional Multiple Listing Service, Inc. as of February 28th, 2021 at 10:01am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.