1623-1627 Hillhurst Ave 7 Unit Apartment Building $2,040,000 ($291,429/Unit) 5.03% Cap Rate Los Angeles, CA 90027

Built in 1938, this Art Deco gem provides the feel of the old world within the reach of our modern times. This unique multifamily property has 7 total units, 6 apartments and 1 commercial space. Each unit has a front and rear entrance with parking in the rear of the lot. These units have the sense of a home much more so than an average apartment. The hardwood floors and period accents provide a pleasant and comfortable environment in which to live. These factors contribute greatly to the stable collection history of the building. It is located in the Los Feliz area (90027 zip code) of Los Angeles. This is one of the more sought after locations within the city in which to live. It is centrally situated in the heart of our great metropolis! As a practical matter, Los Feliz (90027) is near DTLA, Hollywood, Mid-Wilshire, Griffith Park, Studio City and Glendale/Burbank. It lays in close proximity to several major motion picture studios and Children's Hospital, Los Angeles. The streets in this area are jam packed with restaurants, clubs, bars and night-life! Its closeness to Griffith Park, Los Angeles area sky scrappers, Dodger Stadium & Silverlake remain a central draw for its residents. The location is surrounded by a multitude of employers in almost every conceivable industry which makes this a great choice for young and mature tenants alike. These factors set the stage for the incredible demand for housing which contributes greatly to the true housing supply imbalance. Parking is accessed through the neighboring property to the south. The OM may be accessed via the document section on the LoopNet Profile. Please do not disturb tenants or walk on the property. Lot size and building square footage figures are taken from the Los Angeles County Assessor, broker does not guarantee the accuracy of this information. Please call the listing agent for more information.