1231 N Cherokee Avenue Los Angeles, CA 90038
Welcome to your next investment opportunity in the heart of vibrant Hollywood! This fourplex, nestled in a prime location just off Highland and Santa Monica Blvd, offers not just a property, but a lifestyle investment. Spanning approximately 3, 796 square feet, this well-appointed building comprises two generous 3-bedroom, 2-bathroom units, alongside two comfortable 2-bedroom, 1-bathroom units. With a 91 walk score, it's clear why this location is highly sought after. Currently, the property boasts stability with four tenants already in place, all on month-to-month leases. While rents are currently on the lower side, this presents a golden opportunity for savvy investors to maximize their returns with rental upside potential. Additionally, for those with a vision for development, this property sits on an RD1.5 Lot, hinting at the potential for future expansion or redevelopment. Situated one block north of Sant Monica Blvd, residents will revel in the convenience of being mere minutes away from a myriad of boutique retailers, charming cafes, iconic restaurants, and dynamic entertainment options lining La Brea Ave, Melrose Ave, and Santa Monica Blvd., major studios such as Sunset Las Palmas Studios and Paramount Studios underscores the allure of this locale for both tenants and investors alike. A strategic investment opportunity in one of Hollywood's most coveted neighborhoods. Don't miss out on the chance to own a piece of this thriving community!
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site25 Days
- MLS StatusActive
- MLS ID Number24398137
- Home Size Source N/A
- Year Built1962
- Lot Size0.1158 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Traditional
- Parking DrivewayAssignedGated
- Parking Spaces 5
- Sewer Other
- Number of Stories 22
- Acreage 0.1158
- Security Gated CommunityWindow Bars
- Zoning LARD1.5
- Listing Conditions Standard
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating Wall Furnace
- Appliances DisposalRefrigeratorGas CooktopGas Oven
- Fireplace Features None
- Laundry Features CommunityIndividual Room
- Fireplace No
Exterior Features
- Spa No
- Pool Features None
- Spa Features None
Community Features
- Senior Community No
- MLS Area C20 - Hollywood
- Security Features Gated CommunityWindow Bars