This East Hollywood quadruplex is located in the highly desirable Melrose Hill area of Hollywood, recently rated as one of the coolest neighborhoods in the world. Walking distance to Lemon Grove Park, and close to all the studios, trendy restaurants, coffee shops and entertainment Hollywood has to offer. There are three one bedroom/one bathroom units, one of which has been entirely remodeled. There is a two bedroom/two bathroom unit, which has also been remodeled recently. This is a great opportunity for an investor or owner-occupied investor. This fourplex is in an area that is clearly moving up in value, with many brand-new apartments being constructed around this one, and we have priced it at the price of a 3-unit property!!! This is the best deal you will find in LA! East Hollywood has been in a resurgence, which makes it a great opportunity to own a property now before the prices become unattainable. The property has a recently added laundry area, and three of the units have tankless water heaters. The foundation has been bolted, along with many other upgrades, with permits. The property has been well maintained and has great upside in a great rental area.
MLS# | 24454825 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1921 |
Days On Site | 190 |
Listing Provided By | Los Angeles Realty Company, Inc. 626-840-1331 | Aram Yeghiayan |
Bed(s) | 5 |
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Bath(s) | 5 |
SQ Feet | 3,020 |
Story(s) | 1 |
Units | 4 |
Building(s) | 2 |
Zoning | LARD1.5 |
Acreage | 0.17 |
Property View | None |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90029 |
Area | C20 Hollywood |
Listing VS Median (in 90029) | |
Price: $1,249,000 low | high Med: $1,950,000 SqFt: 3,020 low | high Med: 6,340 $ / SqFt: $414 low | high Med: $308 On site: 190 low | high Med: 42.000000 |