Located on Fulton Avenue in North Hollywood, California, this investment is a true value-add opportunity with a great unit mix of (4) - 2 bed / 1 bath, (2) - 1 bed / 1 bath, and (1) - guest room. Built in 1957, the asset offers a +/-4,935 square feet structure on a +/-7,199 square foot lot.In addition to the project's strong unit mix, the asset is currently 140% below market rents offering a new buyer the opportunity to relocate the tenants, renovate, and raise the rents of the building substantially.Property shall be sold all-cash or with hard money loan.
Located on Fulton Avenue in North Hollywood, California, this investment is a true value-add opportunity with a great unit mix of (4) - 2 bed / 1 bath, (2) - 1 bed / 1 bath, and (1) - guest room. Built in 1957, the asset offers a +/-4,935 square feet structure on a +/-7,199 square foot lot.In addition to the project's strong unit mix, the asset is currently 140% below market rents offering a new buyer the opportunity to relocate the tenants, renovate, and raise the rents of the building substantially.Property shall be sold all-cash or with hard money loan.