1240-1242 Lodi Place
Hollywood, CA 90038
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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
Entered Escrow Non Contingent
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