About This Property

Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition.Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.

Key Features

• 10,602 sq ft Lot
• Built in 1959

Property Details

• Type: Single Family Home
• Year Built: 1959
• Lot Size: 10,602 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 10,602 sq ft Lot
• Feature: Built in 1959
• Status: Active
• MLS Number: 1172235367
• Days on Market: 119
• Listed By: ISRAM Realty & Management · Eyal Melamed
• Zip Code: 33023