Multifamily

3143 Hollycrest Dr

3143 Hollycrest Dr, Los Angeles, CA 90068

Listing Price: $1,600,000

Cap Rate
4.88%
Number of Units
4
Price/Unit
$400,000
Price/Gross SF
$533.69
Gross SF
2,998

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 3143 Hollycrest Drive, a charming four-unit apartment building in the Hollywood Hills. Built in 1954, the two-story property sits on a 6,439 square foot lot with 2,998 square feet of rentable space and is comprised of four one-bed/one-bath units with private patios and on-site laundry. The property provides tenants with on-site parking and gated entry. The property will be delivered with one fully renovated vacant unit that can be rented out at market rate or occupied by an owner/user. This property qualifies for residential financing and will allow an investor to benefit from 30-year fixed interest rates and favorable loan terms. Located North of Cahuenga Blvd and East of Barham Blvd, the subject property is a short drive from Universal Studios, The Hollywood Studio, Ford Amphitheater, Griffith Park, Walt Disney Studio and Warner Bros. Studios. Tenants are a short drive, through the Cahuenga Pass, away from Toluca Lake, Studio City, Burbank, West Hollywood, Hollywood and Los Feliz. The property’s centralized location makes it attractive to potential tenants who work for employers located along and near the 101 Freeway corridor.

Investment Highlights

  • Prime Hollywood Hills Location
  • (4) One-Bed/One-Bath Units with Patios
  • On-Site Laundry
  • Individual Gas and Electric Meters
  • Owner User Opportunity
  • One Fully Renovated Unit Delivered Vacant

Exclusively Listed By

Listing Price: $1,600,000

Cap Rate
4.88%
Number of Units
4
Price/Unit
$400,000
Price/Gross SF
$533.69
Gross SF
2,998

Investment Highlights

  • Prime Hollywood Hills Location
  • (4) One-Bed/One-Bath Units with Patios
  • On-Site Laundry
  • Individual Gas and Electric Meters
  • Owner User Opportunity
  • One Fully Renovated Unit Delivered Vacant

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 3143 Hollycrest Drive, a charming four-unit apartment building in the Hollywood Hills. Built in 1954, the two-story property sits on a 6,439 square foot lot with 2,998 square feet of rentable space and is comprised of four one-bed/one-bath units with private patios and on-site laundry. The property provides tenants with on-site parking and gated entry. The property will be delivered with one fully renovated vacant unit that can be rented out at market rate or occupied by an owner/user. This property qualifies for residential financing and will allow an investor to benefit from 30-year fixed interest rates and favorable loan terms. Located North of Cahuenga Blvd and East of Barham Blvd, the subject property is a short drive from Universal Studios, The Hollywood Studio, Ford Amphitheater, Griffith Park, Walt Disney Studio and Warner Bros. Studios. Tenants are a short drive, through the Cahuenga Pass, away from Toluca Lake, Studio City, Burbank, West Hollywood, Hollywood and Los Feliz. The property’s centralized location makes it attractive to potential tenants who work for employers located along and near the 101 Freeway corridor.

Exclusively Listed By

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