Investing in real estate is always a smart financial decision, especially in a bustling and rapidly growing city like Hollywood, California. With its prime location, ample living space, and great value-add potential, this duplex property is a perfect investment opportunity for anyone looking to make a profit in the real estate market.
Situated in the heart of Hollywood, just a few steps away from the popular Highland Avenue and The Redline subway station, this property is zoned LARD 1.5, which means that it has great potential for future development. The lot size is over 6,000 square feet, providing ample space for both units, and the property currently functions as a charming Spanish style duplex with two separate units.
The first unit offers 2 bedrooms, 2 bathrooms, and an office space, while the second unit features 2 bedrooms and 1 bathroom. Both units are spacious with approximately 1,700 square feet of living space each. The property’s prime location makes it an ideal investment opportunity for an end user or developer. It is conveniently located around the corner from Sunset Boulevard, Hollywood Boulevard, and numerous shops, restaurants, clubs, bars, and studios, making it an attractive location for both tenants and potential buyers.
The property’s great value-add potential means that investors can make renovations and improvements to increase its value and attract higher-paying tenants or buyers. With its prime location and ample living space, this duplex property offers endless possibilities for anyone looking to invest in the Hollywood real estate market.
Overall, this centrally located Hollywood duplex offers a unique investment opportunity with great value-add potential and endless possibilities. Whether you’re an end user or developer, this property is a smart investment that is sure to pay off in the long run.