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758 N Cherokee Avenue

Los Angeles (City), CA 90038
  • $2,195,000
  • STATUS: Active
  • ON SITE: 70 Days
  • ID#: 21787666
UPDATED: 35 min ago
$2,195,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent: Christopher Stanley of Compass


Description

Excellent investment opportunity in Hancock Park adjacent South Hollywood (SOHO). Two single family homes on a corner lot with entrances on separate avenues. Located on a quiet, tree-lined residential street, this is a unique property. INVESTMENT PLAYS INCLUDE: 1.) A potential lot split and sell as separate single-family homes, 2.) Create a family compound, or 3.) Hold as long-term high-end rental.House # 1 is a Spanish-style three-bedroom, two-bathroom home with approximately 1700 square feet and an attached two car garage. Huge potential income upside; Interiors require updating and there is a tenant in the unit.House #2 is a 1938 traditional two-bedroom two-bathroom home with a large decked side yard and a driveway space for parking. The home has just been stylishly gut-renovated and is move-in ready. Each unit is separately metered for gas and electricity. Tenants also pay for their own heat and garbage, keeping operating expenses very low.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/121801349
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758 N Cherokee Avenue Los Angeles (City), CA 90038

  • Price: $2,195,000
  • Status: Active
  • On Site: 70 Days
  • Updated: 35 min ago
  • ID#: 21787666
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1924
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Excellent investment opportunity in Hancock Park adjacent South Hollywood (SOHO). Two single family homes on a corner lot with entrances on separate avenues. Located on a quiet, tree-lined residential street, this is a unique property. INVESTMENT PLAYS INCLUDE: 1.) A potential lot split and sell as separate single-family homes, 2.) Create a family compound, or 3.) Hold as long-term high-end rental.House # 1 is a Spanish-style three-bedroom, two-bathroom home with approximately 1700 square feet and an attached two car garage. Huge potential income upside; Interiors require updating and there is a tenant in the unit.House #2 is a 1938 traditional two-bedroom two-bathroom home with a large decked side yard and a driveway space for parking. The home has just been stylishly gut-renovated and is move-in ready. Each unit is separately metered for gas and electricity. Tenants also pay for their own heat and garbage, keeping operating expenses very low.
Exterior Features

Direction Faces North Parking Features ConcreteDoor-MultiGarage Parking Total 3

Interior Features

Appliances DishwasherDisposalRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes

Property Features

Association Fee 0 Disclosures Rent Control Garage YN Yes Gross Income 136800 Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 95300 New Construction YN No Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 50 Zoning Lar1



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T18:25:55.747. 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 Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Christopher Stanley of Compass