Price $7,950,000
Status Active
Beds 0
Baths 0 Bath
Home size 11,915 sqft
Lot Size 15,246 sqft
Days on Market 66
HOLLYWOOD YUCCA GARDENS, a 20-unit garden style semi-value-add apartment investment opportunity located in the heart of Hollywood, CA. The property is a block away from the world renown Hollywood Blvd and literally within walking distance to the some of the most iconic Hollywood destinations such as El Capitan Theatre, Word Famous Hollywood Walk of Fame, TCL Chinese Theatre, Hollywood & Highland, Amoeba, Netflix, Madame Tussauds Hollywood, Equinox, Arclight, and much more! This opportunity provides rare opportunity for an astute investor to own a pride-of-ownership and beautifully upgraded apartment building in one of the best locations in Greater Los Angeles Area. Because of this extremely great location, it has a Walk Score 97 out of 100, demonstrating a “WALKER’s PARADISE” location. The property is an attractive two-story garden style community with that was built in 1955 with ±11,915 SF building size and situated on a ±15,318 SF lot size. It has excellent curb appeal with a beautiful center courtyard. The property has been completely upgraded in 2019 (new plumbing, new electrical, new landscaping, new paint throughout, new windows, new gate & entry, etc.)It offers an attractive unit mix of two (2) 2bed+2bath, fourteen (14) 1bed+1bath, and four (4) Studio units. Each unit is large and functional with upgrades throughout. Each unit has luxury wood plank flooring, new kitchen (quartz countertops, new modern kitchen cabinets, new range oven, microwave), new bathroom (new tub, new vanity cabinets), in-unit washer and dryer, new lighting fixtures, windows A/C in living room and each bedroom. The building has secured entrance with gated parking and security camera system installed. All the windows have been upgraded to dual pane windows, new landscaping throughout. The property is separately metered for electricity. New owner does not have to spend large amount of capital for tenant buyouts and unit upgrades. The property offers 18 open space parking (no soft story parking retrofit is required) and is served by master water heater. The property is located on a quiet residential street on Yucca St and Cherokee St. It is crossing the iconic Hollywood Blvd which provides superb amenities to tenants. It has a walk score of 97. It is within walking distance to many iconic Hollywood attractions. It offers easy access to public transportation on Hollywood Blvd and Metro Station (Hollywood & Highland station), and minutes from FWY 101.
Property Type(s): Residential Income
Last Updated 7/12/2021 Year Built 1955
Community Hollywood County Los Angeles

Additional Details

AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA Hollywood
GARAGE Concrete, Controlled Entrance
HEAT Wall Furnace
LOT 0.35 acre(s)
LOT DESCRIPTION Level, Near Public Transit, Rectangular Lot
PARKING Controlled Entrance,Concrete
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
UTILITIES Electric - Standard
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
ZONING LAR5

Location

 

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Listing provided by : Handoko Chen CalDRE: 01749321, GIG Real Estate Inc.

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