2000 Argyle Ave - Multi-Family FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$3,200,000 USD
310-254-8664
2000 Argyle Ave, Los Angeles, CA for Sale
$3,200,000 USD
Multi-Family - FOR SALE
1/14
null | 6.15% Cap Rate

2000 Argyle Ave
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • 8 units NON-LA RENT CONTOL 11.3 GRM 6.2 Cap Rate Hollywood Hills Quiet Street Up Market

OVERVIEW

9 units for sale - 8 units NON-LA RENT CONTOL - Increase 8% immediately 11.3 GRM 6.2 Cap Rate 9 units total - Hollywood Hills - Quiet street, up market neighborhood 8 units not subject to city of LA Rent Control (Certificates of Occupancy after 1981) 2 buildings totaling +/- 8,632 sq ft Lot zoned R3/TOC Tier 3 - +/- 10,222 sq ft - room for ADU's Secure nine-unit apartment complex in Hollywood Hills. Safe, quiet street; up market tenants. Excellent condition, beautifully maintained, highly secure w/gated entry. 17 covered parking spaces behind automatic gate (one for each bedroom plus four). Attractive unit mix: (1) three bed two bath unit, (2) two bed two bath units and (6) one bed one bath units in two structures. Three bed two bath unit permitted 1912, all other units ((6) one bedroom and (2) two bedroom units) C of O after 1981 exempting them from LA RSO.) 2008 building has six units, with elevator, 5.7 megawatt solar system; each unit central air, balcony and washer/dryer. Room for ADU's and/or additional units in R3/TOC Tier 3 zoning on large 10,222 sq ft lot. Buyer to verify all property details. Seller to deliver three units vacant. West building (built 1912, 1981 and 1983) three units: (1) three bedroom two bath and (2) one bedroom units (one beds no LA RSO) East building(built 2008) six units - (2) two bed two bath and (4) one bed one bath (all six units non LA RSO); 5.7 megawatt solar system; elevator; each unit has central air, balcony, washer/dryer, real hardwood floors Three bed unit (owners') and (2) one bed units will be delivered vacant (calculated at accurate market rent in investment analysis/setup). Must see - PLEASE DO NOT ENTER PROPERTY W/OUT BROKER OR DISTURB TENANTS.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$371 USD /SF

# OF UNITS

9

PRICE/UNIT

$355,556

CAP RATE

6.15%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2000 Argyle

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2008

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,222 SF

ZONING

R3/TOC Tier 3

APN/PARCEL ID

5586-004-019

ASK ABOUT THIS PROPERTY

Michael HayesKW Commercial DTLAMore Info
310-254-8664

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Michael HayesKW Commercial DTLAMore Info
310-254-8664

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.