The subject property represents an excellent value-add upside opportunity through improved management, cosmetic rehab and the addition of coin-operated washers and dryers to the preexisting laundry room. The subject property consists of Eight (8) units consisting of Three (3) 1 Bedroom 1 Bath and Five (5) 2 Bedroom 1 Bath units. The building is separately metered for both gas and electricity and has copper piping. There are four tandem parking spots located in the front of the building and an additional 5 parking spots in the rear of the building for a total of 13 off-street parking spots available on the property.

Location Description:

The subject property is located in Los Angeles County in the North Hollywood sub-market. It is located between Laurel Canyon Boulevard and Lankershim Boulevard, just north of Sherman Way. The subject property is ideally located in close proximity to the freeways and the Bob Hope Airport. Strong rent potential in comparison to the surrounding San Fernando Valley markets.

Highlights:

>> Eight (8) Units with Excellent Mix Consisting of (3) 1 Bedroom 1 Bath and (5) Two Bedroom 1 Bath Units

>> 13% Upside in Income Potential

>> Ample Off-Street Parking

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Sales Info:

>> Commision split: 3.0%