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3747 Fredonia DriveLos Angeles, California CA90068-1287

Listing IDBB20115770

3,400 SqFt 0.365 Acres

$1,399,999

The 2-4 Unit Specialists are pleased to present this secluded park-like (tree-laden) triplex in the Studio City/Universal City Hills. It is a rarity to find a 2-4 unit property in this picturesque neighborhood, as only one has become available in the past year. This compound, which is rumored to have been owned by Rock Hudson, transports the client into a lush hideaway despite being only minutes away from the Hollywood Bowl, Universal Studios, and the Hollywood Freeway. Situated 2 blocks south of Cahuenga Blvd, other location highlights include In-N-Out Burger, LA Fitness, and Ventura Blvd. 3747 Fredonia consists of a 2bd/1ba upper unit, a 1bd/1ba lower unit, and a standalone 1bd/1ba cottage. Additionally, the property has a large enchanting patio where tenants have hosted comedy shows and music events. Historically, these units have attracted A+ tenants at peak rents within days of being on the rental market. The property has an excellent current cap rate of 4.2% and a pro forma cap rate of 5.02%! Lastly, the units are situated on an enormous 16,000 SF lot, making development a possibility for the future! Not only is 3747 Fredonia a true oasis in the city, but a strategic long-term investment.
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