Condominio for Køb i parquelabrea, California

We are pleased to offer for sale a 24-unit apartment community located at 5607 Virginia Ave. This 2-story building is in prime Hollywood, proximate to excellent restaurants, fun tourist attractions, great public transportation, high-paying jobs, and everything else the city of Los Angeles area has to offer. The building itself was built in 1938 and comprises 11,303 rentable square feet, while the lot that it sits on is approximately 7,502 square feet. This asset offers an investor the rare opportunity to purchase a well-maintained, well-located asset with exceptional value-add potential. Based on our calculations, the rental upside is right around 50%, which gives the buyer plenty of opportunity to increase income as tenants move out and increase their returns. Another very intriguing aspect of this property is that it is separately metered for gas & electricity, meaning that tenants are responsible for their own utility usage. This rare opportunity is perfect for the long-term investor who is looking to place their money into a well-located asset with great future potential. If you are interested in this property, please give us a call today to discuss the opportunity. MLS® ID: 22203825 Listed: 9/28/22 Updated: 10/14/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 24 Cooling: None Heating: None Exterior/Building Features Lot Size: 7,502 ft2 lot Other Property Details Area Name: C20 - Hollywood Garage: No Parking: None View: N County: Los Angeles Pool: No Total Stories: 2 Zoning: LAR3 Courtesy of Marcus & Millichap, Saadia Liberow, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/14/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.