RARE, hard to find on-market, SPANISH STYLE Courtyard Style Bungalow UNITS on extra large lot built in 1927. Over the years, seller has updated each unit. All units are well under market rents & there is huge upside potential rentswise and possible future development potential. All units are spacious (approximately 600 sqft) 1 bedroom, 1 bath units with living room and kitchen. 3 buildings on the lot consists 6 bungalows on each side with front and rear entrances and back building with 2 units on first floor and 2 units on 2nd floor. Each tenant/unit has a parking permit from LA City for street parking. Separately metered for gas and electrical Truly a gem, centrally located within walking distance to shops, groceries, banks, Ramona Elementary, LA City College, Children's Hospital, Kaiser, Hollywood Presbyterian Hospital, churches, Public Transportation, Metro station and 101 Freeway! Has everything around it. The property is in a great location and an excellent opportunity for an investor to capitalize on the great rental upside potential in Hollywood's rapidly gentrifying market. This investment property is located in one of LA's most up-and-coming development areas with tons of new projects being developed. Buyer to cooperate with Seller's 1031 Exchange.
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