8074 Fareholm Drive, Los Angeles
8074 Fareholm Drive, Los Angeles
Sell 8074 Fareholm Drive- $3,500,000
- 7259 Sq Ft
$3,500,000
Description
Amazing investment opportunity to purchase an (8) unit income property in an A+ location. Situated at the base of Laurel Canyon and the Hollywood Hills, this property is nestled amongst multi-million dollar homes and just blocks away from Sunset Plaza, nightlife, and restaurant anchors. Spacious unit mix of (4) 2 bedroom and (4) 1 bedroom units and dedicated covered parking garage for each unit, storage and separate utilities. There are (4) remodeled units with washer dryer in each unit, and an additional separate laundry room. A strong investment for any investor to hold or to raise the rents to a market 5.1% CAP rate. This property also features a development opportunity of up to 16 Condominiums in a prime (R3) Tier 2 Location.
Details
Price
: $3,500,000
Property Type
: House
Property Purpos
: Sell
Status
: Available
Area
: 7259 Sq Ft
City
: Los Angeles
Address
: 8074 Fareholm Drive
Zip Code
: 90046
Property ID
: 1634
Internal Structure
Bedrooms
: 12
Bathrooms
: 8