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    2330 N Cahuenga Blvd

    Los Angeles, CA 90068
    • $12,995,000
    • STATUS: Active
    • ON SITE: 31 days
    • ID#: 20-585830
    UPDATED: 222 min ago
    $12,995,000
    • 48
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 26,715
      SQFT
    • $486
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:

    School Ratings & Info

    Description

    *Price Reduced by $500,000***Assumable loan of $7,850,000 at 4% interest only, 2 years remaining ** Cash on cash return = 4.7% with assuming this loan**Zacuto Group is pleased to present the opportunity to acquire a 1987 construction 30 unit multifamily property, which is not subject to Los Angeles Rent Stabilization Ordinance (LA Rent Control). This is a unique opportunity to acquire a well maintained Hollywood asset with significant rental upside and a potential to convert loft space to additional bedrooms (buyer to verify). Property can be delivered with 5 vacant units. The Hillpointe Apartments offers an attractive mix of amenities including central HVAC, in-unit laundry within 21 of the units, an upgraded fitness center, laundry room, common lounge areas, landscaped grounds and gated garage parking. The property is centrally located with fantastic proximity to all the nightlife, concert venues, renowned restaurants, and coffee shops that Hollywood has to offer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-04T23:42:14.88. 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.
    www.randyplaice.com/homes/106497761
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    2330 N Cahuenga Blvd Los Angeles, CA 90068

    • Price: $12,995,000
    • Status: Active
    • Updated: 222 min ago
    • ID#: 20-585830
    48
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    26,715
    SQFT
    $486
    $/SQFT
    1987
    Built
    Neighborhood:
    Hollywood Hills East
    County:
    Los Angeles
    Area:
    Hollywood Hills East
    Property Description
    *Price Reduced by $500,000***Assumable loan of $7,850,000 at 4% interest only, 2 years remaining ** Cash on cash return = 4.7% with assuming this loan**Zacuto Group is pleased to present the opportunity to acquire a 1987 construction 30 unit multifamily property, which is not subject to Los Angeles Rent Stabilization Ordinance (LA Rent Control). This is a unique opportunity to acquire a well maintained Hollywood asset with significant rental upside and a potential to convert loft space to additional bedrooms (buyer to verify). Property can be delivered with 5 vacant units. The Hillpointe Apartments offers an attractive mix of amenities including central HVAC, in-unit laundry within 21 of the units, an upgraded fitness center, laundry room, common lounge areas, landscaped grounds and gated garage parking. The property is centrally located with fantastic proximity to all the nightlife, concert venues, renowned restaurants, and coffee shops that Hollywood has to offer.
    Exterior Features

    Garage Structures Total 2 Lot Size Area 13156 Other Structures None Parking Garage Gated Underground Patio Features Patio Open Total Parking 55

    Interior Features

    Baths Total 48.00 Cooling Central Den No Dining Room No Equipment Alarm SystemBarbequeDishwasherBuilt-InsCeiling FanElevatorFreezerGas Or Electric Dryer HookupMicrowaveRange/OvenRefrigeratorStackable W/D HookupWasher Family Room No Heating Central Interior Features ElevatorIntercomRecessed Lighting Laundry CommunityIn Unit Rooms Gym

    Property Features

    Assessed Total Value 8008731 Gross Income 866228 Gross Operating Income 841235 Like Units1 6 Like Units2 4 Like Units3 2 Like Units4 12 Like Units5 1 Like Units6 5 Net Operating Income 554614.00 Number Of Buildings 1 Number Of Units 30 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 286620 Type Of Units Apartments Water Meter On Property Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Benjamin Gribnau DRE# of Zacuto Group.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-04T23:42:14.88. 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.
     
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    Randy Plaice and Associates | RE/MAX
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    Valencia CA, 91355