Detailed Introduction Of This Home
We are proud to present a well-maintained 20-unit multi-family community in a prime Hollywood location literally a block from Netflix. The property has a charming garden-style layout and offers a variety of units, including singles, one-bedroom, and two-bedroom units. It features amenities such as a courtyard, laundry room, and gated parking. The property is conveniently located near Santa Monica Boulevard and has a Walk Score of 88, providing easy access to upscale dining, shopping, and entertainment options.This property has great potential for investors. The existing rental rates offer around 30% upside potential, allowing for value addition. The property also comes with "RTI" plans for two additional units to be built above the carport garages, which could generate an estimated extra $5000 per month in rental income. Buyers should verify and conduct their own rental survey. Additionally, the property is located in a qualified opportunity zone, making it an attractive investment for long-term investors seeking tax benefits.