LOCATION! LOCATION! LOCATION! Outstanding income property in the highly desirable Hancock Park neighborhood minutes to Larchmont Village, DTLA, Beverly Hills, Hollywood, and premier shopping, dining, and entertainment. Nestled in a quiet, proximate area with an excellent resident's score, this property offers unbeatable convenience for tenants and strong appeal… Read More for investors. The property features 8 large studios and 6 spacious 1 bed / 1 bath units, built in 1966 with earthquake retrofit completed and full renovation in 2017. Units are bright and modern with hardwood flooring, recessed lighting, large windows for abundant natural light, oversized kitchens, ample closet space, and in many cases, separate vanity areas. One-bedroom units offer generously sized living rooms and bedrooms uncommon for this type of property. All units are separately metered for gas and electricity. Community amenities include controlled-access entry, on-site laundry, and 14 tuck-under parking spaces with storage. Located within a proximate distance to Metro, H Mart, CVS, and an array of restaurants and shopping centers. Easy access to 101 & 10 FWYs, Staples Center, USC, and Koreatown. Investment highlights: Prime central location, strong rental demand, updated building systems, and a turnkey condition make this an exceptional addition to any portfolio. The property includes two parcels: APN# 5504-025-021 & 5504-025-024. Read Less
Property listed by Apple Tree Realty, Thomas Yong Kim 213-465-4858
Listing Snapshot
Days Online
17
Last Updated
Beds
8
Square Ft.
8,594
Lot Size
0.18 Acres
Year Built
1966
MLS Number
26640199
Additional Details
Appliances & Equipment
Oven, Refrigerator
Building
Built in 1966, Living area: 8594.0, 1 building, Levels: Two, Construction Materials: Stucco
Accessibility Features
None
Fireplaces
None
Foundation
Block, ConcretePerimeter, QuakeBracing, Slab
Income
Gross Income: $292,148, Net Operating Income: $198,070
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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