10 bedroom house for sale

Overview

Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 1643 N Formosa Avenue in Los Angeles, California. The subject property is positioned in a prime Hollywood location, one block south of Hollywood Boulevard and one block west of N La Brea Avenue. Built in 1954, this property contains an ideal unit mix of six (6) one-bedroom / one-bathroom units and two (2) two-bedroom / one-bathroom units. One (1) unit will be delivered vacant. Select units have been remodeled. There is a total of six (6) covered parking spaces that can potentially be converted into multiple ADU unit(s). The property boasts charming Mid-Century architecture that is separately metered for gas and electricity. Significant upgrades have been made to this asset such as copper plumbing throughout and new electrical panels. There is also a separate laundry facility for tenant use. Residents will love living in one of the most well known pockets within Los Angeles, which is only a blocks away from the Hollywood Boulevard, Sunset Strip, numerous fashion and art stores, and an abundance of restaurant and entertainment amenities. Hollywood also attracts many young professional who wish to work in the film, fashion, or art industries. Located in the coveted 90046 zip code of prime Hollywood, this offering presents an excellent opportunity for any investor to acquire pride of ownership Mid-Century and capitalize on strong rental upside and ADU potential.