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ZIP CODE 90038

$1,300,000
4 Beds 4 Baths ACTIVE Status
We are proud to announce the exclusive listing for sale of 747 North Wilton Place, Los Angeles, CA 90038, a beautiful, renovated and delivered vacant duplex located in world-famous Hollywood. There are two structures on the property, a large side-by-side duplex and a two-car garage (which can be converted to an ADU), and there is an immense front yard and backyard space (perfect for adding more privacy for tenants), and/or accommodating multiple parking spaces in the front and back. This property is extremely well-maintained, and better yet, it underwent a top to bottom renovation from the inside and out over the last two years. The property is charming from the outside, but incredibly updated on the inside.The duplex consists of two two-bedroom / two-bathroom units with about 900 SF each. The total building square footage is 1,800 and is located on a 6,074 square foot lot, zoned LAR2. Though the property will be delivered vacant to you, the Seller has rented both units to long-term corporate and business travelers, which has averaged $4,100 per month, per unit, over the last two years.Based on these financials (or just renting to a standard long-term tenant), this will provide you with an amazing 5.7% cap rate and 4.7% cash-on-cash return (which is unheard of in this type of neighborhood). 747 Wilton is located in prime Hollywood, near Hancock Park, Larchmont Village and world-famous Paramount Studios. Corporate and business travelers, and local renters love everything prime Hollywood and its surrounding neighborhoods have to offer. Do not miss this incredible opportunity to buy a fully renovated duplex in one of the most famous cities in the world, which will be delivered vacant to you and make you an huge amount of money.

747 N Wilton Pl, Los Angeles

Courtesy of , David Bramante - CA DRE#

$4,100,000
20 Baths ACTIVE Status
We are pleased to present a 20-unit apartment building located at 5737 Lexington Ave in Hollywood's Studio District of Los Angeles. Built in 1927, the gated property consists of all studio units with a building square footage of 10,292 sq/ft. With its classic 1920s Hollywood aesthetic, the property has gone through a recent facelift to enhance the existing charm and curb appeal. Recent improvements to the property include a new security camera system, new intercom, new flooring in the lobby, and restored flooring in the hallways. Thirteen out of the twenty units have been renovated within the last three years as well. A potential investor will have the ability to renovate the remaining units as they become vacant and take advantage of the 27% upside in rents. An on-site laundry facility also provides additional income for the property. With an everchanging landscape, Hollywood continues to see an abundance of major developments in the office, retail, hotel, and residential sectors which validates the strength of the market as a whole. On the same block as the subject property, there have been multiple newly constructed residential developments completed within the last few years alone. 5737 Lexington Ave is within walking distance to the $450 million development project coined Echelon Studios. With a rise in the digital streaming space, Brain Capital Real Estate and BARDAS Investment Group will be constructing four 19,000 sq/ft sound stages, a 15,000 sq/ft flex stage, and a 90,000 sq/ft "creative village." Spanning the entire square block between Wilton Pl to St. Andrews Pl, the site will also contain 350,000 sq/ft of office space.

5737 Lexington Ave, Los Angeles

Courtesy of , Sevak Keshishian - CA DRE#

$1,899,000
7 Beds 6 Baths ACTIVE Status
3-Bedroom, 2-Bathroom unit is NOW VACANT and shown by appointment! Rare opportunity to acquire a charming & lovingly cared for residential multi-family asset in the heart of vibrant Los Angeles / West Hollywood & Hancock Park-Adjacent submarket. For sale for the first time in nearly 60 years, this 2-story classic building is situated mid-block on an approximately 6,000 SF lot, shaded by mature trees. Originally constructed in 1927, the property has been extensively upgraded and modernized over the years, both inside and out, including all new plumbing and 2 new water heaters. The unit mix is ideal, comprised of (2) large 1-bedroom, 1-bathroom units, (1) 2-bedroom, 1-bathroom unit and (1) 3-bedroom, 2-bathroom, with ensuite "owner's unit" which is now vacant, creating a rare owner-user opportunity. The units are all spacious, bright and exude character & warmth. The floor-plans are functional and efficient. Units feature spacious living rooms, kitchens and dining areas, large bedrooms & bathrooms and an abundance of natural light. 2 units with in-unit washer / dryer. Detached garages at the rear of the property offer on-site parking for all residents. A quaint vegetable garden sits between the garages and the main building. Close proximity to an endless array of shops, restaurants & amenities, including parks, Starbucks, shopping centers, schools, Sprouts, Trader Joe's, Hollywood Bowl, Hollywood sign, Melrose shopping, Studios and Tech firms. Significant upside in rents! A tremendous price per square foot value!

810 N Citrus Ave, Los Angeles

Courtesy of , Allen Roth - CA DRE#

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