Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

6

Building size

4,328 sqft

Lot size

19,809 sqft

Year built

1914

Stories

0

Heating

Zoned,Wall Furnace

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

8

MLS #

246839557

About this property

Bungalow Heaven! This beautiful and unique property consists of 6 individual bungalow homes on a huge, gated lot (almost a half acre)! Each house is rich with original woodwork and character and has its own private, fenced yard. 3 of the units have been completely renovated within the past 2 years with all new electrical, plumbing, HVAC, kitchens, baths, flooring, etc.; 5 of the units just had new roofs installed and the 6th was inspected and certified. This property is located in the heart of Hollywood, within walking distance of the Metro, shopping and restaurants, but set back off a quiet tree-lined street creating a tranquil and private living environment. Everyone who has lived in these units love them and therefore there is very little turnover with several tenants staying over 20 years. The purchase of 6043-53 Selma Ave. is the perfect opportunity for an investor to acquire a centrally-located Hollywood gem with tremendous income upside potential as demand for residential rentals in this area continues to grow. This property could also be great candidate for a Tenants in Common (TIC) conversion.

Location

6043 Selma Avenue

Los Angeles, Los Angeles, CA, 90028