1615 N HOBART
Los Angeles, California.
This property is a 1950's Character 14 unit complex located on a great street in the prime area of Hollywood. It has been in the family since 1975 and there is large upside potential for rent increases. The complex consists of 12 1+1 and two 2+1 and offers parking for 14 cars. There is also $200-$300 collected for monthly from the in house laundry facility. The complex has been nicely maintained with repairs made as needed. There are some upgraded plumbing and hardwood floors underneath the carpeting. Unit 14 is a 1+1 paying $975.00 per month and all units are due for a 3% increase 07/01/2013. There will be no entry to the units until an accepted offer is received.