Description
AMAZING OPPORTUNITY!! Arlington Heights Craftsman ~ 4 Unit Apartment with 4 detached garages~ Priced to Sell , this property will have some great equity once it's fixed up. Each Unit shows as a 2 bed 1 bath Approx. 950 Sqft. Each. All units have interior washer/ dryer hook ups. Renovated Comps are alot higher and even more value is in Converting or developing the 4 car Garages into ADU's . The Large Corner Lot is 7,000 sqft. with ample parking. The interior condition is mostly original throughout so they will need TLC but the potential is endless . The upstairs units have balconies. There are separate gas , electrical meters and the tenants each pay their own. Owner Responsible for water. Long terms tenants rent are all under market value. In the future this can be a cash cow. All tenants are currently paying the rent on time . Please make offer SUBJECT TO INSPECTION. The property will be sold with current tenants in place. The property under Rent Stabilization Ordinance. Take a walk down 3rd Ave and see the Hollywood Sign . Prime Location , Minutes Away From Downtown!! Quick Freeway Access. This one won't last. Please Do Not Disturb Tenants.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
AMAZING OPPORTUNITY!! Arlington Heights Craftsman ~ 4 Unit Apartment with 4 detached garages~ Priced to Sell , this property will have some great equity once it's fixed up. Each Unit shows as a 2 bed 1 bath Approx. 950 Sqft. Each. All units have interior washer/ dryer hook ups. Renovated Comps are alot higher and even more value is in Converting or developing the 4 car Garages into ADU's . The Large Corner Lot is 7,000 sqft. with ample parking. The interior condition is mostly original throughout so they will need TLC but the potential is endless . The upstairs units have balconies. There are separate gas , electrical meters and the tenants each pay their own. Owner Responsible for water. Long terms tenants rent are all under market value. In the future this can be a cash cow. All tenants are currently paying the rent on time . Please make offer SUBJECT TO INSPECTION. The property will be sold with current tenants in place. The property under Rent Stabilization Ordinance. Take a walk down 3rd Ave and see the Hollywood Sign . Prime Location , Minutes Away From Downtown!! Quick Freeway Access. This one won't last. Please Do Not Disturb Tenants.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-06T00:27:27.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.