This is a rare opportunity to purchase a value-add multifamily property in the epicenter of Hollywood. The building is two stories, constructed of woodframe and stucco on a large lot with excellent zoning. Rents are well below the proven, current market rents for the area and offer tremendous upside potential. There is abundant parking and no soft story or tuck-under parking. The secured property features a laundry room, camera system and outdoor seating.
Listing provided courtesy of
, Charles Dunn Company Inc
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Legendary around the world, Hollywood’s name implies glitz, glamour and celebrity appeal. But there’s more than sparkle to Tinseltown, this is a growing area for creativity and industry for both tech and entertainment and isn’t resting on its celebrity laurels.
Real Estate: Condos and apartments for sale abound on Hollywood’s historic streets. Single-family homes in this area are also available. Hollywood real estate is an exciting mix between newer developments and older homes and buildings.
Community Life: Hollywood and Highland is a bustling megaplex. Part shopping mall, part entertainment mecca, this sprawling compound attracts both tourists and locals alike especially when it is hosting red-carpet events. The area is also home to many theaters including the Pantages Theater as well as movie and television studios, hotels, and restaurants. The area has always been famous for dramatic architecture from the Capitol Records building to Emerson College’s Hollywood Center, one of the most dramatically innovative buildings on Sunset Blvd.
Education: Hollywood is served by the Los Angeles Unified School District including Gardner Street Elementary, Selma Avenue Elementary, Helen Bernstein High School, and Hollywood Senior High School. Charter schools include Larchmont Charter, Santa Monica Blvd. Charter, and Magnolia Science Academy 5. Local private schools include Hollywood Schoolhouse, Aviva High School, and Blessed Sacrament School.
Transportation: Hollywood is easily reached by the 101 Freeway. Hollywood is well served by public transportation including the Metro Red Line, MTA bus, Dash bus, and many others.
Local Attractions: The Hollywood Walk of Fame attracts stargazers from far and wide to pay their respects to the legends enshrined on Hollywood Blvd. The TCL Chinese Theatre attracts tourists wanting to put their feet where legends have stood. Tourist opportunities include star tours, memorabilia shops, the Hollywood Wax Museum and the Hollywood Forever cemetery.
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