Residential Income - Los Angeles (City), CA
Pleased to present a rare opportunity to acquire a well sought out piece of real estate in one of the most desirable areas in Los Angeles, Hollywood. This charming courtyard style property is located at 714 n st Andrews Pl just north of Melrose Ave, it is comprised of ten, one bedroom, one bathroom spacious units making it a 6,256 SQFT building on a 8,234 SQFT LARD 1.5 lot. Each unit has its own separate gas and electric meter and individual water heaters. This property has been very well maintained, passed its 2017 SCEP inspection, has a new roof, and a few units have also been remodeled and still have lots of upside in their rents. This property is a true value add deal and the perfect property for an investor looking for an income generating property and also a great 1031 exchange candidate. Centrally located, this property is near many popular restaurants, gas station, schools, metro line and 101 freeway.
Would you like more information regarding this property?
Please call (310) 623-1300.
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