$8,250,000
$9,000,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
0.48 Acres Lot
SOLD DATE : 08/26/2014
Key Details
Sold Price $8,250,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Hollywood Lanai
MLS Listing ID PW14097764
Sold Date 08/26/14
HOA Y/N No
Year Built 1953
Tax Year 2013
Lot Size 0.482 Acres
Property Description
Development / Investment opportunity to own this Multi-Unit apartment building located in a Desirable Location of Central Hollywood. Large 21,000 sqft Corner Lot west of La Brea and on the south side of Hollywood Blvd. 23,897 sqft of rent-able living space with 44 Residential Units. (1) Bachelor (27) Studios (16) 1 Bedrooms. Lanai Apartment Complex amenities include sparkling on-site pool, spacious laundry facility and gated subterranean parking. This property offers developers and investors the opportunity to acquire an asset with a stable operating history and many upgrade possibilities. This property is subject to Los Angeles rent control and is zoned LAR3. Unit Configurations (1) Bachelor (27) Studios (16) 1 Bedrooms. Walking distance to Kodak Theater, Walk of Fame, Grauman’s Chinese Theater, Restaurants and more. Property being sold Tenant Occupied and in AS-IS condition.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Interior Features Open Floorplan
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Disposal
Laundry Common Area
Exterior
Exterior Feature Lighting
Garage Underground, Garage, On Site, Private
Garage Spaces 38.0
Garage Description 38.0
Fence Fair Condition
Pool Community
Community Features Street Lights, Sidewalks, Gated, Pool
Utilities Available Sewer Available
View Y/N Yes
View Courtyard, Pool
Roof Type Composition
Accessibility Safe Emergency Egress from Home
Parking Type Underground, Garage, On Site, Private
Total Parking Spaces 38
Private Pool Yes
Building
Lot Description Corner Lot, Landscaped, Near Public Transit, Rectangular Lot
Story 2
Entry Level Two
Foundation Slab
Water Public
Architectural Style Traditional
Level or Stories Two
Others
Senior Community No
Tax ID 5548009010
Security Features Gated Community,Resident Manager
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jonathan Taksa • Remax Commercial and Investmen
Real Estate Agent & Loan Officer | License ID: 02076931
+1(949) 226-1789 | realestateaminzarif@gmail.com