Corner Lot Income Property in Hollywood | 2140 N Gower St
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Corner Lot Income Property in Hollywood 2140 N Gower St
4 Unit Apartment Building $2,402,612 CAD ($600,653 CAD/Unit) 7.49% Cap Rate 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
**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 (CAD) | Annual Per SF (CAD) |
---|---|---|
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 (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $2,402,612 CAD | Property Subtype | Apartment |
Price Per Unit | $600,653 CAD | Building Class | B |
Sale Type | Investment | Lot Size | 0.12 AC |
Cap Rate | 7.49% | Building Size | 1,060 SF |
Gross Rent Multiplier | 13.27 | Average Occupancy | 25% |
No. Units | 4 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1919 |
Price | $2,402,612 CAD |
Price Per Unit | $600,653 CAD |
Sale Type | Investment |
Cap Rate | 7.49% |
Gross Rent Multiplier | 13.27 |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Building Class | B |
Lot Size | 0.12 AC |
Building Size | 1,060 SF |
Average Occupancy | 25% |
No. Stories | 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
Parcel Number | 5586-009-003 | Improvements Assessment | $631,236 CAD (2024) |
Land Assessment | $960,584 CAD (2024) | Total Assessment | $1,591,820 CAD (2024) |
PROPERTY TAXES
Parcel Number
5586-009-003
Land Assessment
$960,584 CAD (2024)
Improvements Assessment
$631,236 CAD (2024)
Total Assessment
$1,591,820 CAD (2024)
zoning
Zoning Code | LAR3 |
LAR3 |
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Corner Lot Income Property in Hollywood | 2140 N Gower St
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