This exceptional investment opportunity in East Hollywood offers approximately 33% rental upside potential, allowing investors to unlock significant value by aligning rents with market rates. Situated just three blocks north of Santa Monica Boulevard on La Mirada Ave, the property benefits from a prime location with easy access to Hollywood's… Read More top dining, shopping, and entertainment options. Additionally, its designation within a Qualified Opportunity Zone provides substantial tax incentives, making it an attractive long-term hold. Adding to its appeal, the property is surrounded by world-renowned entertainment studios, ensuring strong demand from industry professionals. Netflix HQ, located just a block away, is a major employer with nearly 14,000 employees, while Paramount Pictures, Universal Studios, Warner Bros., and Walt Disney Studios are all within a few miles. With Hollywood's thriving rental market and this property's strategic positioning, investors have a rare opportunity to establish a strong foothold in one of Los Angeles' most sought-after submarkets. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
24
Last Updated
Property Type
Other
Beds
18
Square Ft.
14,298
Lot Size
0.34 Acres
Year Built
1954
MLS Number
25519939
30 Days Snapshot Of 90038
$877k
-34%
(avg) sold price
3
-25%
homes sold
55
-20%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
14,298 sq ft, Built in 1954, Levels: Two
Cooling
Wall Unit(s)
Disclosures
None
Exterior Features
Stucco
Fireplaces
None
Foundation
Raised
Garage
2 total garage spaces, Carport, Garage Is Detached
Heating
Wall
Laundry
Laundry Area
Lot
LotAcreage: 0.3414, LotSizeArea: 14,870, Corner Lot
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