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Hot Hollywood Properties

$7,300,000
21 Beds 21 Baths ACTIVE Status
4959 Romaine Street is a 20-unit turn-key investment opportunity located in Los Angeles'East Hollywood neighborhood, just south of Santa Monica Boulevard between North Normandie Avenue and North Alexandria AvenueThe subject property features an impressive unit mix of 18 one-bedrooms, and two two bedrooms all; all spacious units with meticulous renovations including hardwood flooring, brand-new countertops and appliances, and new windows; every unit has its own washer and dryer; additionally, five units have patios and six units have private balconiesThe property will be delivered with RTI plans in-place to convert the existing community laundry room into a 1+1 500 SF ADU.In addition to the extensive interior renovations, 4959 Romaine Street has low operating expenses as the building is separately metered for gas and electric and has a RUBS program in place;; there are eighteen parking spaces with no soft-story work requiredThis offering presents an investor the opportunity to purchase a newly renovated asset with strong in-place cash flow to provide long term passive income; at the asking price, the CAPrate is 4.56% on current income with an additional 19% rental upsideThe subject property offers residents a very high walk score of 86 and is located just 0.3miles west of Los Angeles City College; 4959 Romaine Street sits just off the 101 Freeway, giving residents and easy commute to Hollywood and Downtown Los AngelesRare opportunity to acquire a turn-key, stabilized investment offering in the emerging submarket of East Hollywood, a densely populated rental submarket that continues to show increasing rents year over year

4959 Romaine St, Los Angeles

Courtesy of , Neema Ahadian - CA DRE#

$6,495,000
25 Beds 26 Baths ACTIVE UNDER CONTRACT Status
We are pleased to present a sixteen (16) unit apartment building located at 1540 North Bronson Avenue in Los Angeles, California. The subject property is positioned in a prime Hollywood location, south of Hollywood Boulevard and east of Vine Street. Built in 1996, this property contains a great unit mix of two (2) studio / one bathroom units, one (1) vacant one bedroom / one bathroom ADU, three (3) one bedroom / one bathroom units, and ten (10) two bedroom / one and a half bathroom townhouse style units. This non-rent controlled building is host to a number of incredible features such as the lovely center courtyard, a large on-grade parking garage, well-maintained exteriors, an on-site laundry facility, and an alleyway for easy access and guest parking. The units are completely renovated with new floors, updated kitchens with stainless steel appliances and quartz countertops, high ceilings, and tons of natural light. Tenants will enjoy having dominant access to trendy retail, restaurant, and entertainment amenities with Hollywood Boulevard to the north and Sunset Boulevard to the south. Some of the walkable amenities include SUGARFISH, The Sisters Asian Fusion Cafe, Lanicure Nail Bar, Ronnie's Kitchen + Cocktails, Florentine Gardens, Totoyama Sushi & Ramen, Amoeba Music, and an array of Art Galleries and Museums. Situated in a prime Hollywood location, this offering presents an excellent opportunity for any investor to purchase a turn-key, non rent control building with positive cash flow.

1540 N Bronson Ave, Los Angeles

Courtesy of , Jason Tuvia - CA DRE#

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