Built in 1924, this fourplex consists entirely of 2 Bedroom 1.5 Bathroom apartment units located in the Hollywood Studio District of Los Angeles between Melrose Ave and Beverly Blvd, a location providing direct access to the 101 and a close walk to the Vermont/Beverly station. This offering presents the investor the opportunity to purchase a property in a centralized Hollywood location and is ideal for an end-user to live in while collecting income from the additional units. The subject property totals 5,766 square feet of living area and is being offered at $382 price per square foot. Four parking spaces are included in the rear of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 89 and offers direct access to the 101 Freeway and a quick walk to the Metro Local Lines on Western & Melrose.
Listing Courtesy of Marcus & Millichap, Savannah MLS