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6526 Homewood Ave

Los Angeles, CA 90028
  • $2,495,000
  • STATUS: Active Under Contract
  • ON SITE: 39 Days
  • ID#: 21-110747
Under Contract
UPDATED: 40 min ago
$2,495,000
  • 14
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,360
    SQFT
  • $298
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1987
County:
Area:

School Ratings & Info

Description

The CREM Group is pleased to present a unique 7-unit value-add investment opportunity in the highly sought-after Hollywood market. All apartments are large 2-bedroom, 2-bathroom units, and appx. 1,200 SF. The property includes 14 parking spaces as well as an on-site laundry room. Two of the units are currently vacant, offering buyers immediate upside potential. The property is situated just south of Sunset Blvd. and east of Highland Ave., near Sunset Gower Studios, Philz Coffee, The Dome Entertainment Centre, Dolby Theatre, Osteria Mozza, Gwen Restaurant and many of other Hollywood restaurants, shops, and landmarks.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T19:42:33.087. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.vidaash.com/homes/123861074
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6526 Homewood Ave Los Angeles, CA 90028

  • Price: $2,495,000
  • Status: Active Under Contract
  • On Site: 39 Days
  • Updated: 40 min ago
  • ID#: 21-110747
14
Beds
0
Baths
0
½ Baths
0.16
Acres
8,360
SQFT
$298
$/SQFT
1987
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
The CREM Group is pleased to present a unique 7-unit value-add investment opportunity in the highly sought-after Hollywood market. All apartments are large 2-bedroom, 2-bathroom units, and appx. 1,200 SF. The property includes 14 parking spaces as well as an on-site laundry room. Two of the units are currently vacant, offering buyers immediate upside potential. The property is situated just south of Sunset Blvd. and east of Highland Ave., near Sunset Gower Studios, Philz Coffee, The Dome Entertainment Centre, Dolby Theatre, Osteria Mozza, Gwen Restaurant and many of other Hollywood restaurants, shops, and landmarks.
Exterior Features

Exterior Construction FrameStucco Lot Size Area 6981 Other Structures None Parking Garage Community Garage Pool Description None Pool YN No Roof CompositionFlatRolled/Hot Mop Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 14

Interior Features

Baths Total 14.00 Cooling Other Equipment Other Heating Central Laundry Room

Property Features

Assessed Total Value 619552 Garage Income 8400.00 Gross Income 10800 Gross Operating Income 210000 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 160800.00 Number Of Buildings 1 Number Of Units 7 Owner Pays WaterOther Sale Type Probate Listing Source Living Area Assessor Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 0 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Mark Cianciulli DRE#01990266 of The Crem Group.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-17T19:42:33.087. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Vida Ash Properties | Compass
11601 Wilshire Blvd
Los Angeles CA, 90025