Thirty Units in Hollywood (Hollywood) View Map
Status:
Price:
# Units:
Property Type:
Address:
City / State:
Zip:
APN:
Year Built:
GRM / Market GRM:
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Price per Unit:
Price per Sq Foot:
Unit Mix: 		Sold
$2,500,000
30
Commercial
1756 Tamarind Ave
Hollywood / CA
90028
5545-003-018
1929
12.41 / 8.64
4.51 / 7.85
$83500
$137
Mostly Singles & Some 1 Bedroooms
Description:
The subject property is a three story, thirty unit building on Tamarind Avenue on the corner of Carlos Ave and Tamarind just south of the 101 freeway. The building consists of 24 good sized single units and 6 large 1+1s and is seperately metered for electric and master metered for gas. Built in 1929, this property is comprised of brick and is in excellent shape with a new roof, new facade and some new copper plumbing (horizontal and some vertical). The units are nicely appointed and although the majority are carpeted, the floors have wood plank underneath. There is an elevator in this building which has been well maintained and is up to code. The property has been owned by it's current owner for about ten years and many more improvements have been made. It has low rents but great potential potential with almost 30% upside. Although there is no parking, there is plenty of street parking in the area and parking is not a problem for the tenants. The building has laundry in the basement which bring additionals income.  THIS BUILDING HAS BEEN SOLD AND IS NO LONGER AVAILABLE.

Disclaimer:
This information has been secured from sources we believe to be reliable, but make no representation or warranties, expressed or implied as to the accuracy of the information. References to square footage and/or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.  
Client Testimonials
Peter is a clients dream. He understands the issues and needs of a client and works well to convey that to all involved in a transaction. He does not hide or keep relevant facts in order to gain advanatage but rather shares information that leads to a productive assessment of situations. He is trustworty and that is refreshing in todays competitive world.

Peter is a "no bull" broker who is up front, understands complex real estate situations and is genuine. This industry is in need of more like him. We closed a very complex transaction this year that required patience, understanding of the personalities involved, and attention to detail. At every step Peter was there making sure everyone's goals were being addressed. I look forward to doing more deals with him in the future, and am also glad to be able to now call him a friend.

Kenneth Bank
CEO, River Bank Development Company

 

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