This is a Plan Book Craftsman style single family residence currently being used as an income property, along with a detached Guest house. It currently brings $8,405 per month, with two vacancies at this time. Buyer must calculate relocation expenses into price. This property is not registered with Rent Stabilization /Rent Control, but maybe categorized under these laws where Tenants are eligible for relocation money. This SFR is ideal for a Buyer looking for strong supplemental income to help pay their mortgage and live rent free! On the other hand, a patient investor looking to reposition the property can capture its immediate upside, given its tremendous location and quality architecture. The annual income with 2 vacancies is approximately 101,000 per year, making this investment a +/- 4.5 CAP RATE ON EXISTING INCOME. The property has deferred maintenance and needs to get upgraded. Seller will only open escrow with Buyer with NO Physical inspection contingency, no exceptions. Buyer must conduct their physical inspections and hire 3rd party upfront, prior to opening escrow. Guest House adds an additional 450 square feet to the leasable square footage on the premises, tax assessors show 2,546 square feet. Buyer to conduct their own independent investigations, Agents nor Seller makes no representations or warranties of any kind implied or expressed. The large lot provides plenty of rear parking for tenants with striped spaces on the side and backyard.
Hudson Commercial Partners, In
Pool Type Features:
Bonus Room,Family Room
C20 - Hollywood
Lot Size (sq feet):
Just south of Franklin and North of Hollywood Blvd, westside of North Wilton Place
Copyright 2019 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHHS Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.Æ Equal Housing Opportunity. Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. CalBRE 01317331
Based on information from CRISNet MLS and/or CARETS as of January 19, 2019, 8:38 am. The information being provided by CRISNet MLS and/or CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.