1231 N Cherokee Avenue, Los Angeles, CA 90038
Property
Sold July 2024
Listing Agent: Danny Mahelka (DRE #01170359) · Listing Office: Coldwell Banker Realty · Contact: 310-777-6200 · Bought with: Gigi Thoennes · The Agency · MLS #24398137 · Source: CRMLS
About this property
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!
Listing description from the July 2024 sale, as reported to CRMLS.
Sale history