2951 Park Center Dr | 2951 Park Center Dr
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2951 Park Center Dr 2951 Park Center Dr
2 Unit Apartment Building $1,685,616 CAD ($842,808 CAD/Unit) 4.48% Cap Rate Los Angeles, CA 90068
Investment Highlights
- Less than a mile away from Mulholland Dr
- ADU Potential in Garage
- Premier Craftsman Style Duplex
Executive Summary
2951 Park Center Dr offers two units ideally located in the highly exclusive Hollywood Hills market centrally located near Laurel Canyon, Hollywood Bowl, Universal Studios, and a multitude of entertainment/restaurant options. In addition, this unique offering is situated in one of the most desirable rental markets and will be the first time on the market in two decades. The two story property sits on 2,855 SF of land with 1,581 SF of rentable space consisting of one (1) - 2BR/2Bth Unit on the second floor, and one (1) 1BR/1BTH Unit on first floor, and the potential for an ADU conversion in the garage. The offering provides a rare opportunity for an investor or user to acquire this turnkey asset.
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Property Facts
| Price | $1,685,616 CAD | Property Subtype | Apartment |
| Price Per Unit | $842,808 CAD | Apartment Style | Garden |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 4.48% | Building Size | 1,581 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.09 | No. Stories | 2 |
| No. Units | 2 | Year Built/Renovated | 1913/2020 |
| Property Type | Multifamily |
| Price | $1,685,616 CAD |
| Price Per Unit | $842,808 CAD |
| Sale Type | Investment |
| Cap Rate | 4.48% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 14.09 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Lot Size | 0.07 AC |
| Building Size | 1,581 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1913/2020 |
Unit Amenities
- Washer/Dryer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+2 | 1 | - | - |
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zoning
| Zoning Code | R1 (R1-1) |
| R1 (R1-1) |
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Dane Garson -
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2951 Park Center Dr | 2951 Park Center Dr
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