Amazing,rare opportunity to own four large, luxury apartments in the celebrity-filled Hollywood Hills with sweeping City views. NO RENT CONTROL! (built in 1992).The complex includes two adjacent duplex buildings, available together or separately. All units are individually metered for water, power and gas. One building features two 3+3.5 units (approx 2200 & 2600 sq ft) and the other building includes a 3+3 (approx 2400 sq ft) and a 2+2 (approx 1900 sq ft). The 3 bdrm units each have two very large terraces and the 2 bdrm has one large terrace….all with spectacular views! The leases all end within 3-4 months. The building at 2042 ( & 2044) Sycamore is priced at $1,950,000 and the 2038 (& 2040) building is $1,795,000.
First time ever on market by estate of original owner, who did not raise rents on long term tenants. There is tremendous upside potential; just check the local rentals. Buildings are ideal for owner to live in one and lease the other for income. Seller wants to do a 1031 exchange, at no cost to buyer.