Property Detail

Description

This vintage 4-unit apartment building, originally constructed in 1930, exudes classic Hollywood charm and boasts numerous modern updates. Three of the units have been recently renovated, featuring spacious one-bedroom, one-and-a-half-bathroom layouts, large living room and den spanning over 900 square feet. Each unit offers an open floor plan, abundant natural light, stylish hardwood floors, coved ceilings, and the convenience of a washer and dryer. Great size bedrooms with walk in closet and attached full bathroom. Additional amenities include security gate and controlled access, private storage and parking spaces, mostly copper plumbing, split cooling and heating systems, updated electrical, and separate metering for gas and electricity. The property has been professionally managed, presenting a significant potential for increased rental income. Situated in an ideal location with a high walkability score and excellent access to public transportation, the building is just steps away from the lively Melrose Strip, the Grove, and the Farmer's Market, offering an array of dining, shopping, and entertainment options in Los Angeles. This highly sought-after neighborhood attracts renters due to its proximity to numerous commercial retail stores and renowned restaurants near the world-famous Melrose District, resulting in low vacancy rates. Additionally, it is a short drive from major employment hubs, making it particularly appealing to young professionals in the entertainment industry who work in close proximity to major movie studios. Residents can enjoy the benefits of living steps away from famous Melrose Ave. while still being within a short drive of desirable locations such as the Grove, Beverly Hills, West Hollywood, the Beverly Center, and the world-famous Cedars Sinai Medical Center.