Description
$400,000 PRICE REDUCTION. ALL OFFERS DUE FRIDAY 1/22/2021. Pride of Ownership Two-Story Garden Style apartment in an incredible location of East Hollywood, within walking distance to Los Feliz and 1 mile from the heart of Hollywood. Tremendous upside potential in this true value add opportunity in a market with strong rental demand from families and young professionals. 1 unit delivered VACANT at COE. Subject property sits on a LARGE corner lot over 10,500 SqFt. New roof approx. 5 years ago, separately metered for gas and electric, no soft story retrofit work required. There are 9 tandem parking spaces all secured by a gate. 5300 Loma Linda provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and command strong rents, being wedged between Hollywood to the West, Los Feliz to the East, Griffith Park to the north, and Hancock Park/Koreatown to the South. Income & Expenses are scheduled estimates. This will NOT last long!!
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0BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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7,532SQFT
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$398$/SQFT
School Ratings & Info
Description
$400,000 PRICE REDUCTION. ALL OFFERS DUE FRIDAY 1/22/2021. Pride of Ownership Two-Story Garden Style apartment in an incredible location of East Hollywood, within walking distance to Los Feliz and 1 mile from the heart of Hollywood. Tremendous upside potential in this true value add opportunity in a market with strong rental demand from families and young professionals. 1 unit delivered VACANT at COE. Subject property sits on a LARGE corner lot over 10,500 SqFt. New roof approx. 5 years ago, separately metered for gas and electric, no soft story retrofit work required. There are 9 tandem parking spaces all secured by a gate. 5300 Loma Linda provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and command strong rents, being wedged between Hollywood to the West, Los Feliz to the East, Griffith Park to the north, and Hancock Park/Koreatown to the South. Income & Expenses are scheduled estimates. This will NOT last long!!
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T09:26:38.83. 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 Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.