2000 Argyle 2000 Argyle Ave Immeuble residentiel 9 lots 2 583 180 € (287 020 €/Lot) Taux de capitalisation 6,36 % Los Angeles, CA 90068

$200K PRICE REDUCTION-SELLER MOTIVATED!
9 units for sale - 6 units NON-LA RENT CONTOL - Increase 8% immediately 10.9 GRM 6.4 Cap Rate
9 units total - Hollywood Hills - Quiet street, up market neighborhood
6 units not subject to city of LA Rent Control (Built 2008)
2 buildings totaling +/- 8,632 sq ft
Lot zoned R3/TOC Tier 3 - +/- 10,222 sq ft - room for ADU's
Secure nine-unit apartment complex in Hollywood Hills above Franklin Ave. Safe, quiet street; up market tenants. Excellent condition, beautifully maintained, highly secure w/gated entry.
14 covered parking spaces behind automatic gate (one for each bedroom).
Attractive unit mix: (1) three bed two bath unit, (2) two bed two bath units and (6) one bed one bath units in two structures. 2008 building has an elevator, 5.7 megawatt solar system, and six units all exempt from LA RSO; each unit has central air, balcony and washer/dryer and hardwood floors. Room for ADU's and/or additional units in R3/TOC Tier 3 zoning on large 10,222 sq ft lot. Buyer to verify all property details.
West building (built 1912, 1981 and 1983) three units: (1) three bedroom two bath and (2) one bedroom units(1 non-conforming).
East building(built 2008) six units - (2) two bed two bath and (4) one bed one bath (all six units non LA RSO); 5.7 megawatt solar system; elevator; each unit has central air, balcony, washer/dryer, real hardwood floors
Three bed unit (owners') and (2) one bed units will be delivered vacant (calculated at accurate market rent in investment analysis/setup).
Must see - PLEASE DO NOT ENTER PROPERTY W/OUT BROKER OR DISTURB TENANTS.