1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
1231 N Cherokee Ave
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$1,299,000

1231 N Cherokee Ave

11 Beds 4 Baths 3,796 Sq.Ft.

Description

Welcome to your next investment opportunity in the heart of vibrant Hollywood! This fourplex, nestled in a prime location just off Highland and Santa Monica Blvd, offers not just a property, but a lifestyle investment. Spanning approximately 3,796 square feet, this well-appointed building comprises two generous 3-bedroom, 2-bathroom units, alongside two comfortable 2-bedroom, 1-bathroom units. With a 91 walk score, it's clear why this location is highly sought after. Currently, the property boasts stability with four tenants already in place, all on month-to-month leases. While rents are currently on the lower side, this presents a golden opportunity for savvy investors to maximize their returns with rental upside potential. Additionally, for those with a vision for development, this property sits on an RD1.5 Lot, hinting at the potential for future expansion or redevelopment. Situated one block north of Sant Monica Blvd, residents will revel in the convenience of being mere minutes away from a myriad of boutique retailers, charming cafes, iconic restaurants, and dynamic entertainment options lining La Brea Ave, Melrose Ave, and Santa Monica Blvd., major studios such as Sunset Las Palmas Studios and Paramount Studios underscores the allure of this locale for both tenants and investors alike. A strategic investment opportunity in one of Hollywood's most coveted neighborhoods. Don't miss out on the chance to own a piece of this thriving community!

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Location

1231 N Cherokee Ave, Los Angeles, CA 90038

Status

For Sale

Property Amenities

View additional property information below.
Interior
Laundry room Community, Room
Fireplace None
Appliances Range/Oven, Refrigerator, Hood Fan, Garbage Disposal
Flooring Mixed
Total Bedrooms: 11
Area & Lot
Lot Area 5,044 Sq.Ft.
Living area 3,796 Sq.Ft.
MLS® ID 24-398137
Year Built 1962
Architecture Styles Traditional
Type Multi-Family
Status For Sale
Exterior
Stories 2
Pool None
Air conditioning Wall/Window
Heat type Wall
Security Features Gated, Window Bars
Sewer In Street
Parking Driveway, Assigned, Gated, Driveway Gate
Lot Features 2-4 Lots
Finance
Sales Price $1,299,000

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