Executive Summary

INVESTMENT HIGHLIGHTS

• 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 $347 price per square foot. Large units at roughly 1,300 square feet.
• 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.