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    758 N Cherokee Ave

    Los Angeles, CA 90038
    • $2,295,000
    • STATUS: Active
    • ON SITE: 32 Days
    • ID#: 21-787666
    UPDATED: 231 min ago
    $2,295,000
    • 5
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,715
      SQFT
    • $845
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:
    Area:

    School Ratings & Info

    Description

    Excellent investment opportunity in Hancock Park adjacent South Hollywood (SOHO). Two single family homes on a corner lot with entrances on separate avenues. Located on a quiet, tree-lined residential street, this is a unique property. INVESTMENT PLAYS INCLUDE: 1.) A potential lot split and sell as separate single-family homes, 2.) Create a family compound, or 3.) Hold as long-term high-end rental.House # 1 is a Spanish-style three-bedroom, two-bathroom home with approximately 1700 square feet and an attached two car garage. Huge potential income upside; Interiors require updating and there is a tenant in the unit.House #2 is a 1938 traditional two-bedroom two-bathroom home with a large decked side yard and a driveway space for parking. The home has just been stylishly gut-renovated and is move-in ready. Each unit is separately metered for gas and electricity. Tenants also pay for their own heat and garbage, keeping operating expenses very low.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/121800725
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    758 N Cherokee Ave Los Angeles, CA 90038

    • Price: $2,295,000
    • Status: Active
    • Updated: 231 min ago
    • ID#: 21-787666
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,715
    SQFT
    $845
    $/SQFT
    1924
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Excellent investment opportunity in Hancock Park adjacent South Hollywood (SOHO). Two single family homes on a corner lot with entrances on separate avenues. Located on a quiet, tree-lined residential street, this is a unique property. INVESTMENT PLAYS INCLUDE: 1.) A potential lot split and sell as separate single-family homes, 2.) Create a family compound, or 3.) Hold as long-term high-end rental.House # 1 is a Spanish-style three-bedroom, two-bathroom home with approximately 1700 square feet and an attached two car garage. Huge potential income upside; Interiors require updating and there is a tenant in the unit.House #2 is a 1938 traditional two-bedroom two-bathroom home with a large decked side yard and a driveway space for parking. The home has just been stylishly gut-renovated and is move-in ready. Each unit is separately metered for gas and electricity. Tenants also pay for their own heat and garbage, keeping operating expenses very low.
    Exterior Features

    Covered Parking 1 Direction Faces North Levels One Lot Size Area 6352 Other Structures None Parking Garage Driveway - ConcreteGarage - 2 Car Total Parking 3

    Interior Features

    Baths Total 4.00 Cooling Air ConditioningCentral Equipment DishwasherGarbage DisposalRange/OvenWasherDryerRefrigerator Heating Central Water Heater Features Tankless

    Property Features

    Assessed Total Value 1450000 Gross Income 136800 Gross Operating Income 136800 Like Units1 1 Like Units2 1 Net Operating Income 95300.00 Number Of Buildings 2 Number Of Units 2 Owner Pays Water Property Condition Updated/Remodeled Sale Type Standard Source Living Area Plans Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays Air Cond/Heat MaintGasElectricity Total Annual Expense 41500 Type Of Units Sfr Year Built Source Assessor Zoning Lar1

    Listing provided courtesy of Christopher Stanley DRE#01958503 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-27T23:42:53.01. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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