



1240-1242 Lodi Place
Hollywood, CA 90038
SOLD
Property Summary
Price:
Cap Rate:
GRM:
Rentable Sq Ft:
Lot Size:
Approx Year Built:
Units:
Price per Unit:
Price per Sq Ft:
$1,415,000
4.24%
15.98
3,126
6,752
1920
$353,750
$452.66
Deal Highlights
Asset Description
The Frydman Group is proud to present the sale of a four unit investment opportunity. The subject property is located at 1240-1242 Lodi Place in between Fountain Avenue and Santa Monica Boulevard in the city Hollywood.
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This well maintained and operated rent controlled 4 unit apartment building was built in 1920. The unit mix consists of a front home comprising of a two-bedroom/two bathroom units (renovated to function as a four-bedroom/ two bath) & a charming triplex in the back of the property consisting of one spacious Studio and two one-bedroom/one bathroom units.
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Amenities include 6 parking spots, of which three are garage parking and three are open gated spaces. The property has majority copper plumbing and the front home's interior has been painted & has recently been renovated to include wood flooring, new kitchen appliances, and washer and dryer.
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Sold Above List Price
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Multiple Offers
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Entered Escrow Non Contingent
Asset Highlights
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Copper Plumbing
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New Electrical & A/C in Front House Unit
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Excellent Unit Mix
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Remodeled Units with Wood Floors & Appliances
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LAR3 Zoning - Potential to Build 8 Units by Right
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Dense Rental Pocket of Hollywood
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Multiple Gated Parking Spaces
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Located Near Many Employers & Eateries