Status Active Under Contract
County Los Angeles
Year Built 1912
Property Type Residential Income
Over $700,000 price reduction from original list price. Nestled in the hills just above the famed Dolby/Kodak Theater resides a dreamlike secluded property. This exclusive gated community features 3 updated duplexes in the American Craftsman bungalow style, from the 1910s-1920s, which are surrounded by perfectly manicured gardens, lush foliage, & tall trees. The property is a combination of 3 duplexes totaling 6 units & 5 garages. With the heart of Hollywood sitting just beyond your gate, the tranquil serenity and privacy of the grounds, make this a truly exceptional piece of land unlike anything else in Los Angeles. Each unit has been newly remodeled with attention to retain it's authentic character with hardwood floors, ornate ceilings, & fantastic fireplaces. Modern updates include central air, heating, washer and dryers & all new kitchen appliances. Additionally, a private park, across the street from property, with key access. Performa rents are at 5% cap rate.