David Bakhshi of Maher Commercial Realty proudly presents 3936 Kentucky Drive -- a charming 6-unit apartment building in the Hollywood Hills. Built in 1949, 3936 Kentucky Drive offers a qualified investor the opportunity to acquire a family-owned asset in the entertainment capital of the world.
The +/-4,253 square-foot building on a +/-7,482 square-foot lot features all 1-bed/1-bath with new energy efficient dual-pane windows, upgraded floors, central air/heat, and water heaters. There's room in each unit to washer/dryer commanding higher rents. The second floor units boasts views of Universal Studios. There is parking for each unit and a common area patio in the rear. There is a good mix of tenants in the building with two being there over five years and the other four in the last three years.
3936 Kentucky Drive is located across from Universal Studios on the west side of the 101 and one block from Cahuenga Boulevard, in Universal City. The property is just minutes from the Universal City/Studio City metro line, blocks from the 101 on-ramp, and a quick Uber to the Hollywood Bowl and the heart of Hollywood. Universal Studios and CityWalk are across the 101 and Warner Bros. Studios is just down the road. Other nearby attractions include Runyon Canyon (one of L.A.'s most popular hiking trails), John Anson Ford Theaters, Hollywood & Highland Center (boasting shopping, dining, and nightlife), Griffith Park (including The Greek Theater and L.A. Zoo), and Lake Hollywood Park (a popular destination for locals and amazing views of the Hollywood Sign). The property is located in a great demographic area with approximately 657,000 residents earning a median household income of $64,704 within a 5-mile radius. This property will command higher rents and be in high-demand for years to come.
