6043 Selma Avenue,Los Angeles, CA 90028
Los Angeles, CA 90028
Description
Bungalow Heaven! This beautiful and unique property consists of 6 individual bungalow homes on a huge, gated lot (almost a half acre)! Each house is rich with original woodwork and character and has its own private, fenced yard. 3 of the units have been completely renovated within the past 2 years with all new electrical, plumbing, HVAC, kitchens, baths, flooring, etc.; 5 of the units just had new roofs installed and the 6th was inspected and certified. This property is located in the heart of Hollywood, within walking distance of the Metro, shopping and restaurants, but set back off a quiet tree-lined street creating a tranquil and private living environment. Everyone who has lived in these units love them and therefore there is very little turnover with several tenants staying over 20 years. The purchase of 6043-53 Selma Ave. is the perfect opportunity for an investor to acquire a centrally-located Hollywood gem with tremendous income upside potential as demand for residential rentals in this area continues to grow. This property could also be great candidate for a Tenants in Common (TIC) conversion.
Details
| MLS # | 26960303 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1914 |
| Days On Site | 68 |
| Listing Provided By | Compass | Michael Lehman |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,328 |
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 7 |
| Zoning | LAR4 |
| Acreage | 0.45 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace, Zoned |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer |
Exterior
| Security Features | Carbon Monoxide Detectors, Gated Community, Smoke Detectors |
|---|---|
| Construction Materials | Frame, Concrete |
| Foundation Details | Raised |
Parking
| Parking Features | Assigned, Driveway, Guest, Gated, Private |
|---|
Utilities
| Sewer | Sewer Tap Paid |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90028 |
| Area | C20 Hollywood |
| Listing VS Median (in 90028) | |
Price: $2,850,000 low | high Med: $542,450 sqft: 4,328 low | high Med: 1,010 $ / sqft: $659 low | high Med: $542 On site: 68 low | high Med: 61 | |
Market Activity 90028
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90028 |
| Area | C20 Hollywood |
| Listing VS Median (in 90028) | |
Price: $2,850,000 low | high Med: $542,450 sqft: 4,328 low | high Med: 1,010 $ / sqft: $659 low | high Med: $542 On site: 68 low | high Med: 61 | |
