Great rental income opportunity with brand new construction 4-plex in a high demand rental area of Hollywood! High income with great returns. Great long-term investment. Easy to rent and easy to operate. Everything is brand new. All new appliances are hooked-up and ready to go: Refrigerator, washer, dryer, dishwasher, stove. Great unit mix of (1) 4-bed, (2) 3-bed, (1) 2-bed. Live in 1 unit and lease the rest for extra, passive income. The rents in this area is on the rise due to high demand.
This property will generate $12,900/mo or $154,800/yr, over 5.3% cap rate. This area is gentrifying on a rapid pace, especially on Wilton Place. You can see all the proposed development as you drive towards the property. This property is located couple blocks away from Paramount Pictures Studios, minutes from Larchmont Village and easy access to 101 freeway. Do not miss this incredible opportunity to own an investment that will continue to grow and grow with the area.