972 North El Centro Avenue is a twelve-unit apartment building located in the heart of Los Angeles' Hollywood neighborhood. As one of Los Angeles' densely populated neighborhoods, this submarket's popularity has grown significantly over the recent years. The charming 1924 building consists of twelve (12) large one-bedroom/one-bathroom units, approximately 700 square feet, and is conveniently separately metered for gas and electric. Along with dual entrances and individual water heaters in each unit, the corner-lot property has been well-maintained throughout and with three units being delivered vacant, new ownership will have the opportunity to renovate and achieve additional rental premiums immediately. The property offers two (2) on-site parking spaces (buyer to verify if parking spaces are permitted.) This is a true value-add opportunity for an investor to acquire with significant rental upside in one of the nation's most desirable and thriving neighborhoods.
Courtesy of Marcus & Millichap, Neema Ahadian - CA BRE#01346750
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