Description
We are proud to present a rare investment opportunity in the highly sought-after East Hollywood submarket of Los Angeles. Comprising (12) twelve well-maintained 1+1 units across (5) five detached buildings, all with upgraded roofs, this gated property sits on approximately 10,779 square feet of land and feature Spanish-style bungalow architecture with a charming center courtyard. Conveniently positioned nearby historic Sunset Blvd, LA City College, and the Santa Monica/Vermont Metro Station, this property has a highly desirable location with unmatched potential for only $200K/unit. Residents will enjoy the proximity to Silver Lake and the abundance of retail, dining, and entertainment options at Sunset Junction. Notable amenities nearby include Erewhon, Intelligentsia, The Black Cat, La Colombe Roasters, and more. With easy access to Downtown and Hollywood employment hubs, this area is particularly attractive to young professionals. Below market rents and significant value add potential give any investor the opportunity to capitalize on nearly 100% in rental upside and receive tax benefits in an Opportunity Zone.
