4770 Melrose Ave, Los Angeles, CA 90029

Do not miss the well priced and well located Hollywood gem. 12.2 grm, 5.7% cap, $149,834 price per unit. Excellent 4 unit building plus 2 retail stores in Hollywood. Great unit mix of (1) 3 bedroom+1 bath, (1) 2 bedrooms+1.5 bath, (1) 2 bedrooms +1 baths, (1) 1 bedrooms + 1 baths apartments plus 2 retail (not rent controlled units). An excellent opportunity for an investor to capitalize on the great rental upside potential. One of the retail units will be delivered vacant. Subject is located in the heart of Hollywood near Paramount Studios, Melrose Hill, 101 freeway and the Metro Red line. Residents benefit by being close to popular restaurants, trendy retailers and nightlife venues.