Amazing investment opportunity to purchase an (8) unit income property in an A+ location. Situated at the base of Laurel Canyon and the Hollywood Hills, this property is nestled amongst multi-million dollar homes and just blocks away from Sunset Plaza, nightlife, and restaurant anchors. Spacious unit mix of (4) 2 bedroom and (4) 1 bedroom units and dedicated covered parking garage for each unit, storage and separate utilities. There are (4) remodeled units with washer dryer in each unit, and an additional separate laundry room. Property is currently at a 3.04% CAP RATE with a possibility of 5.68% CAP RATE at market rents. This property also features a development opportunity of up to 16 Condominiums in a prime (R3) Tier 2 Location. PLEASE DO NOT DISTURB TENANTS. SHOWING WILL BE DONE WITH ACCEPTED OFFER ONLY.
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