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30687815
30687816

901 N El Centro Avenue, Hollywood, CA 90038

$949,995
249 days on market
Updated 58 days ago
Opportunity zone

901 N El Centro Avenue

Details
APN 5534028013
Property Type Multifamily
Sub Type Apartment Building
Units 5
Cap Rate 7.69%
Class D
Buildings 3
Stories 1
Acreage 0.095
Zoning Assessor

5 unit "casita" style property in the heart of Hollywood!

Marketing description

Charming 5-Unit Multifamily Property in Prime Hollywood Location Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Tenants are responsible for trash, gas, and electricity, while the building covers water only, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LAs most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.
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