7407 Hollywood, Los Angeles, CA 90046

FOR SALE
  • $2,200,000
  • 254 Days on site
  • Beds: 8
  • Baths: n/a
  • Commercial Building
  • 6,415 sq ft
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Description

This property is being offered as an individual asset or as portfolio when acquired with 7451 & 7504 Hollywood Blvd., two 12-unit apartment communities located within two blocks of the subject property. 7407 Hollywood is comprised of one building totaling 6,415 gross square feet. The asset features a tranquil, historic setting with gated entry and one carport parking space for each unit. The property boasts spacious units with hardwood flooring and all the historic charm associated with "Old Hollywood." The property is comprised of a favorable unit mix consisting of predominantly one-bedroom units (four (4) 1+1's and two (2) 2+1's) averaging 1,050 square feet. This offering presents the opportunity to acquire an asset in a dense infill submarket of Los Angeles County with significantvalue-add potential via a strategic renovation program. The unit interiors can be renovated to higher-end luxury specifications.

  • MLS ID# 17-229552
  • Year Built: 1938
  • 254 Days on site
  • Commercial Building
  • Beds: 8
  • Baths: n/a

Listing Details

Parking
Parking Space (6)
Heating
Wall Furnace Heat
Assessed Taxable Amount
$1,689,990
Tax Amount
$21,307
Last Transaction Date
02/13/2014
Property Type
Apartments (5+ Units)
Home Size (Sqft)
6,415
Lot Size (Sqft)
8,470
Lot Size (Acres)
0.19
Year Built
1938
Units
6
Cooling System
Commercial
Architecture Type
Condo / Apartment

Public Facts: As provided by County Assessor and Recorder offices. May not reflect recent additions or improvements. If you see any errors, the best way to get the records updated is to contact your local county records office. If any of the information in this section conflicts with property information provided by a listing agent or broker, agent-provided information should be deemed more reliable.

Local Info

Population
52,991
Median Household Income
$50,260
Median Years In Residence
8
Median Homeowner Age
40
Households with Children
29.39%
Percent of Homes Rented
74.81%

Nearby Elementary Schools

7300 Hollywood Blvd
7450 Hawthorn Ave
1535 N Poinsettia Pl

Nearby Middle Schools

7120 Franklin Ave
1547 N Mccadden Pl
6611 Selma Ave

Nearby High Schools

7120 Franklin Ave
1521 N Highland Ave
1547 N Mccadden Pl

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.

Property Contact Info

Listing Provided By: The Harris Group
(310) 706-4400
Listing Agent: Gregory Harris

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