Patti Stuart
Price Reduced 5.89%
Price History
$1,699,000
6/2/2026
$1,599,000
7/20/2026
1959
Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition.Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.
Status:
Active
Type:
Commercial
Zoning:
S-MU
Levels:
1
Parking:
Assigned
Acreage:
0.24
Est. Taxes:
$21,434
Construction
Block
Days on Market:
48
MLS #:
A12025025
Community Info
School Info
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