Description
HOLLYWOOD DELL DUPLEX + DEVELOPMENT OPPORTUNITY FOR SALE - The rarity to own property within the iconic Hollywood Dell neighborhood paired with the long-term security + flexibility of both a premium duplex & sizable lot ideal for future development presents a one-of-a-kind investment opportunity. The property currently features 1) a renovated duplex with upper unit (2 BR / 2 BA) & lower unit (2 BR / 2 BA) that is fully occupied & rented near market rates, and 2) a detached studio (0.5 BA) that is rented by the tenant in lower unit MTM. The studio is plumbed to add 1 BA + kitchen & has a Certificate of Occupancy. There are two options available to create future value: Option 1 is to lightly renovate the existing studio, creating 3 units total. Option 2 is to demolish the studio & develop 2 ADUs, creating 4 units total. Please contact agent for detailed Offering Memorandum.
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5BEDS
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0.21ACRES
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0BATHS
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01/2 BATHS
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2,539SQFT
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$906$/SQFT
School Ratings & Info
Description
HOLLYWOOD DELL DUPLEX + DEVELOPMENT OPPORTUNITY FOR SALE - The rarity to own property within the iconic Hollywood Dell neighborhood paired with the long-term security + flexibility of both a premium duplex & sizable lot ideal for future development presents a one-of-a-kind investment opportunity. The property currently features 1) a renovated duplex with upper unit (2 BR / 2 BA) & lower unit (2 BR / 2 BA) that is fully occupied & rented near market rates, and 2) a detached studio (0.5 BA) that is rented by the tenant in lower unit MTM. The studio is plumbed to add 1 BA + kitchen & has a Certificate of Occupancy. There are two options available to create future value: Option 1 is to lightly renovate the existing studio, creating 3 units total. Option 2 is to demolish the studio & develop 2 ADUs, creating 4 units total. Please contact agent for detailed Offering Memorandum.
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.