3936 Kentucky Drive

    Los Angeles (City), CA 90068
    • $1,890,000
    • STATUS: Active
    • ON SITE: 71 days
    • ID#: 18414924
    UPDATED: 175 min ago
    $1,890,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,253
      SQFT
    • $444
      $/SQFT
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    ***MOTIVATED SELLER*** Charming 6-unit apartment building in the Hollywood Hills. Built in 1949, 3936 Kentucky Drive offers a qualified investor the opportunity to acquire a family-owned asset in the entertainment capital of the world.The +/-4,253 square-foot building on a +/-7,482 square-foot lot features all 1-bed/1-bath with new energy efficient dual-pane windows, upgraded floors, central air/heat, and water heaters. The second floor units boasts views of Universal Studios. There is parking for each unit and a common area patio in the rear. There is a good mix of tenants in the building with two being there over five years and the other four in the last three years. The building sits just across from Universal Studios on the west side of the 101, one block from Cahuenga Boulevard. With its proximity to Hollywood, Universal Studios, Warner Bros. Studios, and the Universal City/Studio City metro station, this property will command higher rents and be in high demand for years to come

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/90012845

    3936 Kentucky Drive Los Angeles (City), CA 90068

    • Price: $1,890,000
    • Status: Active
    • Updated: 175 min ago
    • ID#: 18414924
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,253
    SQFT
    $444
    $/SQFT
    1949
    Built
    Neighborhood:
    C03 - Sunset Strip - Hollywood Hills West
    County:
    Los Angeles
    Area:
    C03 - Sunset Strip - Hollywood Hills West
    Property Description
    ***MOTIVATED SELLER*** Charming 6-unit apartment building in the Hollywood Hills. Built in 1949, 3936 Kentucky Drive offers a qualified investor the opportunity to acquire a family-owned asset in the entertainment capital of the world.The +/-4,253 square-foot building on a +/-7,482 square-foot lot features all 1-bed/1-bath with new energy efficient dual-pane windows, upgraded floors, central air/heat, and water heaters. The second floor units boasts views of Universal Studios. There is parking for each unit and a common area patio in the rear. There is a good mix of tenants in the building with two being there over five years and the other four in the last three years. The building sits just across from Universal Studios on the west side of the 101, one block from Cahuenga Boulevard. With its proximity to Hollywood, Universal Studios, Warner Bros. Studios, and the Universal City/Studio City metro station, this property will command higher rents and be in high demand for years to come
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking YN Yes

    Interior Features

    Cooling Central Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.56 Gross Multiplier 18.71 Gross Operating Income 100999.00 Improvements Amount 344417 Land Value 662342 Laundry YN Yes Net Operating Income 67212.00 Special Listing Conditions Standard Total Expenses 33787.00 Zoning Lard1.5

    Listing provided courtesy of Oron Maher of California Real Property, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-21T00:31:27.547. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024