Description
5336 Monroe St. is a well-maintained 3,680 square foot building situated on a 2,999 square foot LAR2 zoned lot. The property is made up of eight (8) Studio one bathroom units averaging 460 square feet each! Being built in 1923, the property is a very charming Spanish style building that has been owned by the same ownership for 35 years. The units are bright with hardwood flooring & high coved ceilings. The property has been well maintained, has mixed copper plumbing and a newer roof. Each unit is separately metered for gas & electricity and there is city trash providing low expenses for the owner. Newer machines in the laundry room provide convenience for the tenants and additional income for the owner. The property is well located in Hollywood, near Western Ave. and Melrose Ave. The location is deemed "A Walker's Paradise" with a score of 93 out of 100, as daily errands can be accomplished by foot. This location provides close proximity to Paramount Studios, post production houses, various entertainment related offices and hospitals for nearby employment. Being so close to Larchmont Village there is easy access to the wonderful restaurants and shopping the area is known and loved for. Some nearby popular spots include Osteria La Buca, Dave's Hot Chicken, La Descarga and Great White! 5336 Monroe St. is a great opportunity for an investor looking to buy a charming property with strong rental upside potential. The subject property is in the City of Los Angeles and is subject to Rent Control.
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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3,680SQFT
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$433$/SQFT
School Ratings & Info
Description
5336 Monroe St. is a well-maintained 3,680 square foot building situated on a 2,999 square foot LAR2 zoned lot. The property is made up of eight (8) Studio one bathroom units averaging 460 square feet each! Being built in 1923, the property is a very charming Spanish style building that has been owned by the same ownership for 35 years. The units are bright with hardwood flooring & high coved ceilings. The property has been well maintained, has mixed copper plumbing and a newer roof. Each unit is separately metered for gas & electricity and there is city trash providing low expenses for the owner. Newer machines in the laundry room provide convenience for the tenants and additional income for the owner. The property is well located in Hollywood, near Western Ave. and Melrose Ave. The location is deemed "A Walker's Paradise" with a score of 93 out of 100, as daily errands can be accomplished by foot. This location provides close proximity to Paramount Studios, post production houses, various entertainment related offices and hospitals for nearby employment. Being so close to Larchmont Village there is easy access to the wonderful restaurants and shopping the area is known and loved for. Some nearby popular spots include Osteria La Buca, Dave's Hot Chicken, La Descarga and Great White! 5336 Monroe St. is a great opportunity for an investor looking to buy a charming property with strong rental upside potential. The subject property is in the City of Los Angeles and is subject to Rent Control.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-27T07:37:36.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.