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740 N Ardmore Avenue

Hollywood, CA 90029
  • $1,264,000
  • STATUS: Active
  • ON SITE: 160 Days
  • MLS #: PW23064464
Short Sale
UPDATED: 38 min ago
$1,264,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Listing Agent(s): Enrique Suarez of Diamond Real Estate One (310-464-1053)


Description

This property is a fantastic investment opportunity in the heart of Hollywood for the right investor with a plan. It features four units, three of which are currently rented at below-market rates, providing a large potential for upside on income. The fourth unit is down to the studs and ready to be finished to your specifications. Situated just off Melrose Ave and South of the 101 freeway, this property is in a prime location with easy access to shopping and public transportation. Its also within walking distance to Los Angeles Community College, making it an ideal choice for students. Dont miss out on this chance to own a piece of Hollywood real estate with great potential for growth and income. Seller is a licensed real estate broker. Please DO NOT disturb the tenants. Contact me today to learn more about this exciting opportunity. All offers are subject to interior inspection.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T17:37:30.043. 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.
www.theziagroup.com/homes/138794987
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740 N Ardmore Avenue Hollywood, CA 90029

  • Price: $1,264,000
  • Status: Active
  • On Site: 160 Days
  • Updated: 38 min ago
  • MLS #: PW23064464
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1920
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
This property is a fantastic investment opportunity in the heart of Hollywood for the right investor with a plan. It features four units, three of which are currently rented at below-market rates, providing a large potential for upside on income. The fourth unit is down to the studs and ready to be finished to your specifications. Situated just off Melrose Ave and South of the 101 freeway, this property is in a prime location with easy access to shopping and public transportation. Its also within walking distance to Los Angeles Community College, making it an ideal choice for students. Dont miss out on this chance to own a piece of Hollywood real estate with great potential for growth and income. Seller is a licensed real estate broker. Please DO NOT disturb the tenants. Contact me today to learn more about this exciting opportunity. All offers are subject to interior inspection.
Exterior Features

Direction Faces West Entry Level 1 Entry Location Front Doors Lot Features Yard Number Of Separate Electric Meters 4 Parking Features DrivewayOff StreetShared Driveway Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Roof CompositionFlatShingle View None View YN No

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Urban Contingency Property is Sold As-Is in its Present Condition. Short Sale And Subject To Lender Approval. Current Financing Conventional Disclosures City Inspection RequiredPrincipal is Real Estate LicensedRent ControlReap Garage YN No Gross Income 83448 Gross Scheduled Income 83448 Insurance Expense 800 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 56745 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 26703 Possession See Remarks Property Condition FixerRepairs Major Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Notice Of DefaultShort SaleBankruptcy Property Tax Annual Amount 27741 Tax Year 2022 Trash Expense 1200 Vacancy Allowance Rate 5 Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-29T17:37:30.043. 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.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Enrique Suarez of Diamond Real Estate One (310-464-1053)