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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

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
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

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
  • Listing ID: 32840633

  • Date on Market: 2024-08-16

  • Last Updated:

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

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