2230 Cahuenga Blvd., built in 1940, is located in the exclusive "Hollywood Dell" neighborhood. The average home value in the 90068 zip code exceeds $1,435,000.
The offering comprises an exceptional unit composition attracting the area's prime demographics and creating an ease of rental. The property provides significant upside potential in rent. The property features mature landscaping, common area laundry and hillside views.
Individual apartment homes feature wood flooring and character fitting of the era. Total land area is 8,694 sq ft.
This location is the indisputable “CENTER OF LA” – vibrant, dynamic and artistic resident demographic base populating cutting-edge retail, cafes, restaurants and world-class hipster hot spots. An endlessly entertaining region, set at the base of the Hollywood Hills and within a short drive to major employment centers within Hollywood proper, DTLA and Koreatown.
The property offers investors a unique and rare balance between strong current income and meaningful rental upside for future vacant apartments.
