1944 Argyle Ave, Hollywood Hills
Hollywood Hills Fourplex on Huge Lot with Upside & ADU Potential!
Rare fourplex in highly desirable Hollywood Hills, offered at an unbeatable price of $2,499,999. Opportunity to own a well-maintained, income-producing asset in one of LA's most sought-after neighborhoods. Situated on an 8,359 sqft lot, it features a large space in the rear, allowing for ADU potential. Currently 75% leased, this building offers a blend of tranquility & urban convenience, making it an attractive choice for investors, developers, & tenants!
The Important
Details
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$2,499,999
Fourplex
For Sale
4
1920
5.56%
14.55
$171,876
6,000 sqft
8,359 sqft
$416.67
$625,000
4 x 2b/2b
No
5 Exterior Spaces and Garage
Yes
Other Features:
Private Washers/Dryers for Each Unit
The Highlights
One unit delivered VACANT (owner’s unit) at close, making this an ideal opportunity for an owner/investor.
Current 5.56% cap rate + upside! Pro forma cap rate of 6.34%
Over 8300 square feet! Large open space in the rear potentially allowing for ADUs
Excellent location a few blocks from the trendy Franklin Village including Birds, Upright Citizens Brigade Theatre, The Oaks Gourmet Market, and Van Leeuwen Ice Cream
This would be an excellent buy and hold or fix and flip opportunity!
The property has 4 very spacious, 2b/2b units with ample parking.
All units have private laundry rooms
Dream 1031 exchange opportunity. Ready to close ASAP!
Features five parking spaces AND garages, a rare find!
All units separately metered for gas and electric! Tenants jointly pay for water!
Upside on rents!
Moments to Hollywood Bowl, the Metro Red Line, the Avalon, Griffith Park & Griffith Observatory
The Neighborhood
<15-Minute Walk
Clark Street Diner
Hollywood Walk of Fame
Pantages Theatre
The Oaks Gourmet Market
Upright Citizens Brigade
Birds Café
Gelsons
Van Leeuwen Ice Cream
La Poubelle Bistro & Bar
The Bourgeois Pig
Kettle Glazed Donuts
<15-Minute Drive
Hollywood Wax Museum
Capitol Records Building
Pantages Theatre
Hollywood Palladium
The Magic Castle
Hollywood Reservoir
Thai Town
Griffith Observatory
Los Feliz Village
Little Dom’s
Runyon Canyon
<$15 Uber Ride
Hollywood Walk of Fame
TCL Graumans Chinese Theatre
Hollywood Wax Museum
Capitol Records Building
Pantages Theatre
Hollywood Palladium
The Magic Castle
Hollywood Reservoir
Thai Town
Griffith Observatory
Los Feliz Village
Property Presented By:
