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$450k Price Improvement!! The Holly Knoll apartments are perched on a corner lot, in the heart of Los Feliz. Unit interiors have been upgraded, and residents enjoy air conditioning, on-site laundry (washer/dryer hookups in the 3BR unit; a laundry room for the other units), garage parking, and balcony views facing south. The property scores a Walk Score of 79, Very Walkable, meaning restaurants, retail, schools, and public transportation are close by. Its also just down the block from the historic Shakespeare Bridge. There is an existing storage room, with accessible plumbing, that is an ADU conversion candidate, offering an investor immediate upside in both revenue and property value. Additionally, separate water meters have been installed, meaning the next owner could choose to make the residents responsible for those costs.
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$450k Price Improvement!!!
The Holly Knoll apartments are perched on a corner lot, in the heart of Los Feliz. Unit interiors have been upgraded, and residents enjoy air conditioning, on-site laundry (washer/dryer hookups in the 3BR unit; a laundry room for the other units), garage parking, and south-facing balcony views. The property scores a Walk Score of 79, “Very Walkable,” meaning restaurants, retail, schools, and public transportation are close by. It’s also just down the block from the historic Shakespeare Bridge. There is an existing storage room, with accessible plumbing, that is an ADU conversion candidate, offering an investor immediate upside in both revenue and property value. Additionally, separate water meters have been installed, meaning the next owner could choose to make the residents responsible for those costs. Investment Highlights
- After a down payment of $1,047,500.00 (50%), the Buyer is to obtain a new loan in the amount of $1,047,500.00 (50%). The said loan shall have an initial interest rate of 3.250% fixed for thirty (30) years. Monthly payments will be approximately $4,558.79.
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