6043 Selma Avenue, Los Angeles, CA 90028

$2,850,000
10
BD
6
BA
4,328
SqFt

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List Price
$2,850,000
Status
ACTIVE
MLS#
26960303
Year Built
1914
Bedrooms
10
Bathrooms
6
Living Sq. Ft
4,328
Lot Size
19,809
Acres
0.45
Days on Market
10
Property Type
Multifamily
Stories
One Level

Property Description

Bungalow Heaven! This beautiful and unique property consists of 6 individual bungalow homes on a huge, gated lot (almost a half acre)! Each house is rich with original woodwork and character and has its own private, fenced yard. 3 of the units have been completely renovated within the past 2 years with all new electrical, plumbing, HVAC, kitchens, baths, flooring, etc.; 5 of the units just had new roofs installed and the 6th was inspected and certified. This property is located in the heart of Hollywood, within walking distance of the Metro, shopping and restaurants, but set back off a quiet tree-lined street creating a tranquil and private living environment. Everyone who has lived in these units love them and therefore there is very little turnover with several tenants staying over 20 years. The purchase of 6043-53 Selma Ave. is the perfect opportunity for an investor to acquire a centrally-located Hollywood gem with tremendous income upside potential as demand for residential rentals in this area continues to grow. This property could also be great candidate for a Tenants in Common (TIC) conversion.

Additional Information

Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Pool Description
None
Heat
Wall Furnace, Zoned
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Frame, Concrete
Sewer
Sewer Tap Paid
Interior Features
Ceiling Fan(s)
Attached Structure
Detached
Number Of Units Total
6

Listing courtesy of Listing Agent: Michael Lehman (michael.lehman@compass.com) from Listing Office: Compass.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.