Central Realty Advisors is pleased to present this 6 Unit apartment building, located at 1416 N. Martel, in Hollywood, one of the most in-demand markets in Los Angeles. The property was built in 1962, consists of 2 stories and features on-site gated parking for all units. The unit mix consists of 4 two-bedroom/two- bathroom units, and 2 one-bedroom/one-bathroom units. The units feature balconies, and there is a communal patio for all tenants in the rear of the property. This property presents an opportunity for an investor to reposition this asset to achieve a +/- 7% Cap Rate with rents at market and to further benefit from continuously rising rents, and accelerated appreciation in this established and growing market.
