LukeJonesRE.com is proud to present this absolutely charming, turnkey property with incredible curb appeal and located in prime Hollywood and WeHo Vicinity, one of the hottest rental submarkets in Los Angeles.
This investment property is comprised of two gorgeous one bedroom, one bath units with Travertine Floors, Smooth Ceilings, Recessed Lighting, A/C, Granite Counter Tops, Laser Cut Screen Doors, Stainless Steel Appliances. Each unit has its own Laundry, Alarm System and lots of natural light with only one shared wall.
Both units are currently occupied and the Gross Operating Income is approximately $51,000 per year. Operating Expenses are extremely low since the tenants pay all utilities and there are no common areas.
Asking price is $849,000 which equates to an 15.7 GRM / 4.21 Market Cap and $594 / ft.
Perfect for an exchange buyer / investor looking for solid cashflow in an incredibly well maintained and stable income property in one of the best rental markets in LA. Could also work perfectly as an owner / occupier looking to get on the housing ladder and enjoy additional income to subsidize the mortgage. An awesome way to start on the path towards wealth building through the power of real estate.
For all enquiries call Luke Jones at LukeJonesRE.com - 310 435 4774 or send me an email - luke@lukejonesre.com
Rick Dergan is a respected REALTOR® with over 35 years of real estate experience in the Los Angeles area. Known for his deep market knowledge and commitment to excellence, Rick sets himself apart with a distinguished level of professionalism and expertise. His career, which began in Hancock Park—where he quickly rose to become one of LA’s top 25 agents—has since expanded to include West Hollywood, Beverly Hills, Marina del Rey, Orange County, the San Fernando Valley, and even Puerto Vallarta.
Rick’s success is built on a client-first philosophy. He prioritizes relationships over commissions and has earned the trust of a loyal client base. With over $1 billion in sales, it shows his customers become repeat clients. His strengths in negotiation, attention to detail, and hands-on guidance throughout the entire buying or selling process ensure a seamless experience. Today, Rick leads a thriving team of 15 agents and leverages an expansive network of real estate professionals across the country—offering clients a strategic advantage in any market.
With over $1 billion in sales to date, Rick’s results speak for themselves. Whether you’re buying, selling, or investing, he’s committed to delivering unmatched service and results.