This is a Story Book Craftsman style single family residence currently being used as an income property, which is mastered leased out to one individual. It currently brings $4,750per month and the tenant sub-leases rooms out to other people. Buyer must calculate relocation expenses into price. This property is not registered with Rent Stabilization /Rent Control, although unlikely categorized under these laws where Tenants are eligible for relocation money. This SFR is ideal for a Buyer looking for a value added opportunity, with a below market price per foot on building and leaving upside potential. On the other hand, an Investor looking to reposition the property can capture its immediate upside, given its tremendous location, quality architecture, and ADU potential. The property has deferred maintenance and needs to get upgraded. Seller will only open escrow with Buyer with NO Physical inspection contingency, no exceptions and Seller will NOT vacant the premises prior to closing escrow. Buyer must conduct their physical inspections and hire 3rd party upfront, prior to opening escrow. 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 in the backyard.
The large lot of over 8,000sf lends itself to an ADU, up to 1,200sf of additional square footage in the rear portion of this lot.
Hudson Commercial Partners, In
Pool Type Features:
C20 - Hollywood
Lot Size (sq feet):
Just south of Franklin, on the westside of North Wilton Place and North of Hollywood Blvd.
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