Residential Income Details
Extremely rare opportunity to purchase a VACANT duplex with great income in a developing part of Hollywood, as well as LAR3 Zoning with development potential. One unit may even be split into 3rd space. STORE & RESIDENTIAL land use. Separate large bonus structure that can be a great studio for so many things, includes sep. storage space. Lot's of parking, and huge backyard with limitless possibilities, including turning it into natural landscape or vegetable garden. Owner was collecting $4,200 per month without collecting rent on the separate studio space. Both units have separate addresses, entrances and meters. A lot of work has gone into raising the potential of the property, and there is a lot more room to go. Approximately 5.5% cap rate without including the separate studio space or present market rent. Imagine the possibilities! Collect great income while planning development with the LAR3 Zoning. Priced low to sell quick because seller is in escrow to purchase another property.
|Number of Units||2|
|Listing Brokerage||360 Realty|
|Listing Agent||Emmanuel Xuereb|
|Listing Agent BRE #||01845114|
|Co-Listing Agent||Salvator Xuereb|
|Co-Listing Agent BRE #||02040807|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, September 3, 2018.
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