Description
1031 EXCHANGE BUYERS! Check out this FULLY RENOVATED Triplex in central Hollywood with a EXCEPTIONAL POTENTIAL CAP RATE OF NEARLY 5.5% with Traditional Leases and higher for miderm leases!!! EXISTING TRACK RECORD of Mid Term Lease at $7750 a month for the 2 BR units!!! Located right off Fountain and Highland and minutes from the Sunset Strip, Fairfax/La Brea, and the Hollywood Hills, this amazing property will attract a range of high-quality tenants with its trendy Eastside vibes, modern amenities, and fantastic, central location walkable to many of Hollywood's top work hubs, entertainment venues, and restaurants. The unit mix consists of two 2-bedroom, 2-bathroom units and one 1 bedroom, 1 bathroom unit. These units exude vibrant Bohemian living, with expertly designed floorplans, premium appliances, European-style modern cabinetry, quartz counters, durable Herringbone-laid luxury vinyl flooring, trendy vanities, eye-popping tile work, and matte-black fixtures in all bathrooms. Each unit has central A/C as well as Washer and Dryer plug-ins. Fully landscaped, the property also offers tenants a quaint fenced communal outdoor space in the backyard and even an old school outdoor fireplace! Other highlights include brand new windows, doors, roof, plumbing, sewer, and electrical systems. Also noteworthy, all of the units at the property are separately meters for gas, water & electric, further ensuring top returns for the discerning buyers portfolio. Truly an exceptional investment opportunity for owner users looking to generate income to offset their mortgage or for an investor who is looking to accelerate depreciation to offset their income all while generating top market rents. Don't hesitate to make a move before it is too late!
