31 Oct PRICE REDUCED!! 26 UNITS IN EAST HOLLYWOOD / LOS FELIZ – 4.4% CAP RATE ON CURRENT RENTS / LOS FELIZ INVESTMENT PROPERTY
26 Unit – Los Feliz / East Hollywood Investment Property
4.4% CAP RATE ON CURRENT RENTS
6.23% CAP RATE ON MARKET RENTS
1757 N Kingsley Drive Los Angeles, CA 90027 – REDUCED TO $8,250,000 – East Hollywood / Los Feliz Investment Property for Sale
OFFERED AT $8,250,000
Click Here For 1757 N Kinglsey – Setup $8.25M
PROPERTY HIGHLIGHTS
- Great Los Feliz Investment Property Location between Franklin and Hollywood Blvd
- Strong unit mix consisting of (1) 2+1, (19) 1+1s, and (6) Studio units
- 18 of the 26 units have been fully renovated with modern finishes
- Approx. 25% Upside in rents
- Surrounded by development/gentrification projects along Sunset and Hollywood Blvd
- Gate-secured parking; approx. (26) spaces, tuck-under & open
- Increases of 4% allowable each year
- Separately metered for electricity, master metered for gas
- Walking distance to Hollywood/Western Metro station & Los Feliz
Call Eric von Bluecher & Kenny Stevens now for an evaluation of your income properties or to discuss portfolio management at 310.900.9505
Eric von Bluecher
Evonbluecher@concord-re.com
C: 310-900-9505
BRE: #01926201
Kenny Stevens
Kstevens@concord-re.com
C: 310-968-7005
BRE: #01090251
