Hollywood Bungalow Compound on 16,874 SF Lot 1908 Hillcrest Rd 6 Unit Apartment Building $5,000,000 ($833,333/Unit) 4.48% Cap Rate Los Angeles, CA 90068

The Highland Estates is a one-of-a-kind Zen-like gated community featuring (3) Craftsman and Victorian duplex bungalows, consisting of 6 units, all nestled in the foothills of the Hollywood Hills yet offering the convenience of a central Hollywood location. Built between 1912 and 1915 this classic bungalow community is early Hollywood living at its best. Each Craftsman and Victorian bungalow exude outstanding Golden Era architecture and reside among a lush garden community courtyard, with a large deck, sauna and cold shower. Patios are nestled among tropical flora and fauna. The 16,874 SF expansive resort-like lot features private and perfectly manicured gardens, lush foliage, and tall mature trees. Each bright and spacious unit with cathedral-style windows features hardwood floors, elaborate moldings, exposed beams, ornate ceilings, and a fireplace. A remodel of each unit was completed several years ago with strict attention to retaining the authentic integrity and character of each bungalow. Modern updates include central air, heating, washer and dryer, and new kitchen appliances. The Highland Estates is a part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations. Please contact Kenny Stevens and Alyson Richards for more information.