2000 Argyle Ave - 2000 Argyle 9 Unit Apartment Building Offered at $4,410,656 CAD at a 6.15% Cap Rate Los Angeles, CA 90068

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.