3131 Oakcrest Dr - Apartments FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$2,500,000 USD
310-207-2288
3131 Oakcrest Dr, Los Angeles, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/51
null | Request Cap Rate

3131 Oakcrest Dr
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • Trust Sale. No Court Confirmation required.
  • For sale AFTER 55 years! 2 adjacent parcels with 2 separate homes in Hollywood Hills!
  • Both properties are being sold together as currently they share all utilities.
  • Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied.
  • Seller is an independent fiduciary and cannot make any representations as to the condition, history of the subject property.
  • Buyer to conduct their own investigations.

OVERVIEW

Trust Sale. No Court Confirmation required. For sale AFTER 55 years! Unique opportunity to own 2 adjacent parcels with 2 separate homes in Hollywood Hills. List price is for both houses together. Living SF, Lot Size, and Price per SF are combined for both houses. 3131 Oakcrest Ave is a 1 bed, 1 bath approx. 950 SF living area on a 3,559 lot SF, and a refreshing pool. 3135 Oakcrest Ave is a Spanish Style 5-bed, 3-bath home approx. 3,442 SF living area on a 3,512 lot SF. Basement in 3135 was converted into living unit, without permits. Both properties are being sold together as currently they share all utilities. All utilities are connected to the 3135 house. Unique opportunity for an investor to live in one house, and rent/AirBnB the other. Or separate the utility services and potentially realize substantial income/capital gain benefits. Financials not available since both houses are vacant. Just minutes from Universal Studios, Runyon Canyon, and everything Iconic Hollywood has to offer. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied. Buyer to independently verify the accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or un-permitted spaces. Seller will not be responsible for any repairs, inspection reports, termite work, trash out, and mandatory government retrofit requirements prior to close. Seller is an independent fiduciary and cannot make any representations as to the condition, history of the subject property. Buyer to conduct their own investigations.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$998 USD /SF

# OF UNITS

2

PRICE/UNIT

$1,250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3131 & 3135 Oakcrest Dr

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,071 SF

ZONING

LAR1

APN/PARCEL ID

2429-017-001,2429-017-004

ASK ABOUT THIS PROPERTY

Vinny JainIngenious Asset GroupMore Info
310-207-2288

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Vinny JainIngenious Asset GroupMore Info
310-207-2288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.