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6666 Yucca Street

Hollywood, CA 90028
  • $7,950,000
  • STATUS: Active
  • ON SITE: 96 Days
  • ID#: AR21152034
UPDATED: 70 min ago
$7,950,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Description

HOLLYWOOD YUCCA GARDENS, a 20-unit garden style semi-value-add apartment investment opportunity located in the heart of Hollywood, CA. The property is a block away from the world renown Hollywood Blvd and literally within walking distance to the some of the most iconic Hollywood destinations such as El Capitan Theatre, Word Famous Hollywood Walk of Fame, TCL Chinese Theatre, Hollywood & Highland, Amoeba, Netflix, Madame Tussauds Hollywood, Equinox, Arclight, and much more! This opportunity provides rare opportunity for an astute investor to own a pride-of-ownership and beautifully upgraded apartment building in one of the best locations in Greater Los Angeles Area. Because of this extremely great location, it has a Walk Score 97 out of 100, demonstrating a "WALKERs PARADISE location. The property is an attractive two-story garden style community with that was built in 1955 with 11,915 SF building size and situated on a 15,318 SF lot size. It has excellent curb appeal with a beautiful center courtyard. The property has been completely upgraded in 2019 (new plumbing, new electrical, new landscaping, new paint throughout, new windows, new gate & entry, etc.)It offers an attractive unit mix of two (2) 2bed+2bath, fourteen (14) 1bed+1bath, and four (4) Studio units. Each unit is large and functional with upgrades throughout. Each unit has luxury wood plank flooring, new kitchen (quartz countertops, new modern kitchen cabinets, new range oven, microwave), new bathroom (new tub, new vanity cabinets), in-unit washer and dryer, new lighting fixtures, windows A/C in living room and each bedroom. The building has secured entrance with gated parking and security camera system installed. All the windows have been upgraded to dual pane windows, new landscaping throughout. The property is separately metered for electricity. New owner does not have to spend large amount of capital for tenant buyouts and unit upgrades. The property offers 18 open space parking (no soft story parking retrofit is required) and is served by master water heater. The property is located on a quiet residential street on Yucca St and Cherokee St. It is crossing the iconic Hollywood Blvd which provides superb amenities to tenants. It has a walk score of 97. It is within walking distance to many iconic Hollywood attractions. It offers easy access to public transportation on Hollywood Blvd and Metro Station (Hollywood & Highland station), and minutes from FWY 101.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T07:29:04.23. 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 Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/119247120
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6666 Yucca Street Hollywood, CA 90028

  • Price: $7,950,000
  • Status: Active
  • Updated: 70 min ago
  • ID#: AR21152034
0
Beds
0
Baths
0
½ Baths
0.35
Acres
1955
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
HOLLYWOOD YUCCA GARDENS, a 20-unit garden style semi-value-add apartment investment opportunity located in the heart of Hollywood, CA. The property is a block away from the world renown Hollywood Blvd and literally within walking distance to the some of the most iconic Hollywood destinations such as El Capitan Theatre, Word Famous Hollywood Walk of Fame, TCL Chinese Theatre, Hollywood & Highland, Amoeba, Netflix, Madame Tussauds Hollywood, Equinox, Arclight, and much more! This opportunity provides rare opportunity for an astute investor to own a pride-of-ownership and beautifully upgraded apartment building in one of the best locations in Greater Los Angeles Area. Because of this extremely great location, it has a Walk Score 97 out of 100, demonstrating a "WALKERs PARADISE location. The property is an attractive two-story garden style community with that was built in 1955 with 11,915 SF building size and situated on a 15,318 SF lot size. It has excellent curb appeal with a beautiful center courtyard. The property has been completely upgraded in 2019 (new plumbing, new electrical, new landscaping, new paint throughout, new windows, new gate & entry, etc.)It offers an attractive unit mix of two (2) 2bed+2bath, fourteen (14) 1bed+1bath, and four (4) Studio units. Each unit is large and functional with upgrades throughout. Each unit has luxury wood plank flooring, new kitchen (quartz countertops, new modern kitchen cabinets, new range oven, microwave), new bathroom (new tub, new vanity cabinets), in-unit washer and dryer, new lighting fixtures, windows A/C in living room and each bedroom. The building has secured entrance with gated parking and security camera system installed. All the windows have been upgraded to dual pane windows, new landscaping throughout. The property is separately metered for electricity. New owner does not have to spend large amount of capital for tenant buyouts and unit upgrades. The property offers 18 open space parking (no soft story parking retrofit is required) and is served by master water heater. The property is located on a quiet residential street on Yucca St and Cherokee St. It is crossing the iconic Hollywood Blvd which provides superb amenities to tenants. It has a walk score of 97. It is within walking distance to many iconic Hollywood attractions. It offers easy access to public transportation on Hollywood Blvd and Metro Station (Hollywood & Highland station), and minutes from FWY 101.
Exterior Features

Carport Spaces 0 Lot Features LevelNear Public TransitRectangular Lot Number Of Separate Electric Meters 21 Open Parking Spaces 18 Parking Features Controlled EntranceConcrete Parking Total 18 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring LaminateWood Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.65 Common Interest Community Apartment Community Features Urban Contingency None Current Financing Conventional Electric Standard Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 0 Insurance Expense 0 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 0 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 21 Number Of Separate Water Meters 1 Number Of Units Leased 20 Operating Expense 0 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 0 Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lar5

Listing provided courtesy of Handoko Chen of Gig Real Estate Inc.


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T07:29:04.23. 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 Keller Williams Realty. Licensed in the State of California, USA.
 
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