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Corner Lot Income Property in Hollywood 2140 N Gower St

4 Unit Block of Flats £1,327,693 (£331,923/Unit) 7.49% Net Initial Yield Los Angeles, CA 90068

Investment Highlights

  • Charming Four-Plex
  • CAP Rate | 7.49%

Executive Summary

Built in 1919, in Hollywood, this charming four-plex is situated in a vibrant and iconic neighborhood steps away from the famous Hollywood Sign. The property offers four distinct units, each with its own unique character, charm, and amenities including private yards and laundry set-ups. A hedge surrounds most of the property, ensuring privacy for all residents. 2140 N. Gower: Originally a one-bedroom, one-bathroom unit, it was remodeled with a modern design and converted into a studio. The studio features sliding glass doors that open to a private yard and a laundry area in the backyard. This unit also includes a one-car carport. There is an independent AC/Heat unit in this unit. 2142 N. Gower: This unit is a one-bedroom, one-bathroom residence with its own private yard and outdoor laundry area. There is an independent AC/Heat unit in this unit. 6062 Scenic Way: A small and very charming studio, this unit includes a separate kitchen and bathroom, as well as a private front and side yard and an outdoor laundry room. There is an independent AC/Heat unit in this unit. 6064 Scenic Way: A larger one-bedroom with a large separate living and dining area and one-bathroom unit, a very spacious kitchen, it boasts a front yard and a spacious backyard, a one-car carport, and an outdoor laundry room. Nestled in the heart of Hollywood, this location provides easy access to a variety of local attractions, dining options, and entertainment venues. The building's architecture reflects classic Hollywood style, while the interiors are designed for comfort and functionality. This four-plex is ideal for those seeking a blend of urban convenience and historic charm in one of Los Angeles' most renowned area
**Please contact seller's agent for any further inquiries.** (Broker's Open - September 10th | 11a - 2p.)
Fiora Aston | DRE# 01991628
(310)-480-3585
fioraaston@gmail.com

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £1,327,693
Price Per Unit £331,923
Sale Type Investment
Net Initial Yield 7.49%
Gross Rent Multiplier 13.27
No. Units 4
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 0.12 AC
Building Size 1,060 SF
Average Occupancy 25%
Number of Floors 1
Year Built 1919

Unit Amenities

  • Refrigerator
  • Range
  • Freezer

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 2 - -
1+1 2 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5586-009-003
Land Assessment
£535,001 (2024)
Improvements Assessment
£351,569 (2024)
Total Assessment
£886,570 (2024)

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 32840633

  • Date on Market: 16/08/2024

  • Last Updated:

  • Address: 2140 N Gower St, Los Angeles, CA 90068

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