Rosano Partners is pleased to present this opportunity to acquire an eight-unit apartment in the North Hollywood Arts District. Built in 1964, this two story apartment is comprised of six 2Bed/1Bath and two 3Bed/2Bath units. A brand new roof, copper piping, and new water heater were installed in 2014. Three units have been recently remodeled with laminate floors, tiles, and kitchen cabinetry. Eight parking spots are available on the property.

Location Description:

Conveniently located in the thriving Arts District of North Hollywood, this 8-unit property provides easy access to the Hollywood and all around Los Angeles. Tenants can easily access public transportation and shopping, dining, and entertainment. Located near the 101 and 134 freeways, the property is central to Hollywood, Silverlake, Downtown, and Glendale.

Highlights:

>> Excellent unit mix

>> Located off Lankershim Blvd

>> $45k in upgrades to the roof

>> 100% copper plumbing

>> 25% upside in rents

>> Individually metered electric and gas

>> 8 on-site parking spots

>> $160k in renovations

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