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Unit C Patio
Unit C Patio

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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.

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.

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.

  • Sold Above List Price

  • Multiple Offers

  • Entered Escrow Non Contingent

Asset Highlights
  • Copper Plumbing

  • New Electrical & A/C in Front House Unit

  • Excellent Unit Mix

  • Remodeled Units with Wood Floors & Appliances

  • LAR3 Zoning - Potential to Build 8 Units by Right

  • Dense Rental Pocket of Hollywood

  • Multiple Gated Parking Spaces

  • Located Near Many Employers & Eateries