7,505 Sqft Lot
7,505 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25099626
HOA Y/N No
Year Built 1923
Lot Size 7,505 Sqft
Property Sub-Type Triplex
Property Description
Welcome to an outstanding investment opportunity in the vibrant heart of East Hollywood, Los Angeles! This exceptional triplex offers the ultimate in Hollywood living, blending modern comfort, security, and unbeatable location: centrally located in Koreantown, near Hollywood, within walking distance to Paramount Studios, Dodger Stadium, and with easy access to the 101 Freeway.
Whether you're a 1031 exchange or long-term investor, seeking strong cash flow, or looking for a spacious home with income-producing units. Don't miss your chance to own this rare East Hollywood gem-perfect for savvy investors and owner-users alike! Contact us today to schedule a private tour and secure your place in one of LA's most dynamic neighborhoods.
**Property Highlights:
Front House (605 N Hobart):
Experience space in this extra-large, approximately 1,700 SF front house, which was completely remodeled in 2017 (except for the frame). It offers central air & heat, a brand-new kitchen with full appliances (refrigerator, gas stove, dishwasher, washer & dryer), and three (3) bedrooms and three (3) bathrooms. The front yard offers ample parking for up to 4 cars. Currently occupied by a solid tenant, ensuring immediate income.
Rear Units (607 & 609 N Hobart):
Both rear units were newly built in 2017, each with 1 bedroom, 1 bathroom, central air conditioning, and a full suite of appliances. Each unit enjoys its own separate entrance from the alley operated by the automated gate and has two (2) dedicated parking spaces.
The property is secured with automatic front and rear gates and a Ring security camera system for peace of mind. Each unit is equipped with its own electric and water meters; tenants pay all utilities, including electricity, gas, trash, and water.
***Investment Highlights:
(1)Completely remodeled and newly built units (2017)
(2)All units have separate utilities- tenants cover all bills
(3)Automated security gates and a Ring security camera system
(4)Fully furnished units with new appliances
(5)Ample parking: Up to 8 cars can be accommodated, a rare find in this area.
(6)R3 zoning with significant upside for long-term investors or 1031 exchange opportunities
(7)The property's cap rate stands at 6%.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Heating Central, High Efficiency
Cooling Central Air
Flooring Laminate
Fireplace No
Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater
Laundry Gas Dryer Hookup
Exterior
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Curbs
Total Parking Spaces 8
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5521004026
Security Features Security System,Carbon Monoxide Detector(s),Fire Detection System,Fire Sprinkler System,Security Gate,24 Hour Security,Smoke Detector(s)
Acceptable Financing Cash, Conventional, 1031 Exchange, VA Loan
Listing Terms Cash, Conventional, 1031 Exchange, VA Loan
Special Listing Condition Standard
