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1231 Cherokee Avenue
Los Angeles, CA 90038
Sold
1231 Cherokee Avenue
Los Angeles, CA 90038
Sold
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!
PROPERTY INFORMATION
| MLS # | 24398137 | Lot Size | 5,044 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,299,000
Price Per SqFt: $ 342 |
DOM | 336 Days |
| Address | 1231 Cherokee Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,796 Sq. Ft. |
| Postal Code | 90038 | Garage | N/A |
| County | Los Angeles | Year Built | 1962 |
| Bed / Bath | 11 / 0 | Parking | 5 |
| Built In | 1962 | Status | Closed |
| Sold Date | 2024-07-09 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, Individual Room |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Refrigerator, Gas Cooktop, Gas Oven |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Gated Community, Window Bars |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,386
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/31/2024 | Listed | $1,299,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Danny Mahelka, Coldwell Banker Realty. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
