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    7350 Hollywood

    Los Angeles, CA 90046
    • $4,495,000
    • STATUS: Active
    • ON SITE: 134 days
    • ID#: 20-576396
    UPDATED: 24 min ago
    $4,495,000
    • 12
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,648
      SQFT
    • $466
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1921
    County:
    Area:

    School Ratings & Info

    Description

    Trophy 7 units property located in one of the most desirable parts of Hollywood and rental market. The subject property is a two-story building, offering over 9600 rentable SF and is situated on a 10,728 SF corner lot. Very attractive unit mix with 1 (Three beds), 4 (two beds), 1 (One bed) and 1 studio. All units are very spacious, some 2 stories, have private entrance and patio/balconies. Four units have been remodeled to the studs with brand new flooring throughout, new central A/C, plumbing, electrical, beautiful decorative fireplace, high ceilings, marble counter tops, washer dryer in suite, stainless steel stove, fridge, wine cooler, dishwasher, microwave, custom tiles and designer paint throughout. The roof and landscaping are brand new. Garage redone inside with new doors. 2 tenants are still paying low rent and big upside available on those units to get over 5 Cap. This is perfect investment for owner/user, 1031 buyer, or someone looking to add unique asset in his portfolio.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T19:42:55.833. 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/105813671
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    7350 Hollywood Los Angeles, CA 90046

    • Price: $4,495,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 20-576396
    12
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,648
    SQFT
    $466
    $/SQFT
    1921
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Trophy 7 units property located in one of the most desirable parts of Hollywood and rental market. The subject property is a two-story building, offering over 9600 rentable SF and is situated on a 10,728 SF corner lot. Very attractive unit mix with 1 (Three beds), 4 (two beds), 1 (One bed) and 1 studio. All units are very spacious, some 2 stories, have private entrance and patio/balconies. Four units have been remodeled to the studs with brand new flooring throughout, new central A/C, plumbing, electrical, beautiful decorative fireplace, high ceilings, marble counter tops, washer dryer in suite, stainless steel stove, fridge, wine cooler, dishwasher, microwave, custom tiles and designer paint throughout. The roof and landscaping are brand new. Garage redone inside with new doors. 2 tenants are still paying low rent and big upside available on those units to get over 5 Cap. This is perfect investment for owner/user, 1031 buyer, or someone looking to add unique asset in his portfolio.
    Exterior Features

    Entry Location Foyer Levels Multi/Split Lot Size Area 10728 Other Structures None Parking Garage AssignedCovered ParkingDetachedGarage Is DetachedGated Patio Features CoveredEnclosedPatio Open Style Spanish Total Parking 7 View Description City LightsMountainsWalk Street View YN Yes

    Interior Features

    Baths Total 8.00 Bedroom Features 2 Master Bedrooms Cooling Central Equipment Ceiling FanGarbage DisposalGas Dryer HookupRange/OvenRefrigerator Fireplace Rooms DecorativePatio Flooring HardwoodLaminateStone Tile Heating Central Kitchen Features Gourmet Kitchen Laundry In Unit

    Property Features

    Gross Income 289452 Gross Operating Income 280804 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 195000.00 Number Of Buildings 1 Number Of Units 7 Property Condition Updated/Remodeled Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityGas Total Annual Expense 88000 Type Of Units Apartment Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Jessica Barouch DRE#01379495 of Keller Williams Studio City.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-25T19:42:55.833. 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