Property Detail

Description

Value-add opportunity with a 5.77% going-in cap rate and rental upside in Los Feliz-adjacent East Hollywood. This 10-unit apartment building features all one-bedroom, one-bath units across approximately 6,766 SF. Recent capital improvements include fully replaced plumbing and an electrical panel upgrade in 2024. Amenities include secured access, on-site laundry and approximately six carport spaces. Just south of Hollywood Boulevard, the property offers a Walk Score of 92 and convenient access to the Hollywood/Western Metro B Line station, shopping, dining and entertainment. An attractive opportunity to acquire current income with room for rental growth.