6650 Leland Way, Hollywood, CA 90028
Fourplex · 2 recorded sales since 2017
Sold September 2019
Listing Agent: Elizabeth Maddox (DRE #01921425) · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: Greg Trotter · Coldwell Banker Residential Brokerage · MLS #BB19097261 · Source: CRMLS
About this fourplex
*CAN BE DELIVERED FULLY RENTED AT MARKET RENT OF $17,400!!! This is a massively impressive new construction fourplex smack dab in the center of PRIME Hollywood. Located directly off of Sunset Blvd. between Highland and Cahuenga, this gorgeous property is half a mile from the countless destinations the area is famously known for. Cream-of-the-crop tenants will be knocking down the doors to these units, making for quick rentals and offering both a low vacancy rate and a high projected cap rate of 5.04%! 6650 Leland Way is made up of two 3-story duplexes with sweeping views of Hollywood and the LA skyline. Almost every bedroom and balcony has a larger than life view of the Hollywood sign! At a total of 6,319 square feet, each unit is extremely large and has beautifully designed open floor plans, which seem even larger with all of the natural light coming in from the huge windows and skylights. The unit mix consists of two enormous 3 bedroom, 3.5 bathroom units (1,871 SF), and two 2 bedroom, 2.5 bathroom units (1,289 SF). All units come with their own 2-car garage, making for a total of 8 garage parking spots that all walk right unto the units! Aside from the unbeatable location and design, other perks include: high return, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters.
Listing description from the September 2019 sale, as reported to CRMLS.
Sale history
