1944 Argyle Ave is a charming 1920s fourplex nestled in the heart of the Hollywood Hills. Located just steps from Franklin Avenues trendy shops and restaurants, this property offers unparalleled convenience with proximity to Los Feliz, Hollywood, and Universal Studios. Perfect for 1031 exchange buyers, this fourplex is ready to close now! Featuring four spacious 2-bedroom, 2-bathroom units, each approximately 1,500 square feet, the property boasts gorgeous hardwood floors, in-unit washer/dryers, and a welcoming front courtyard. Three units are already leased, generating a total scheduled gross income of $14,323/month, with a current cap rate of 5.56%. The property is also an excellent opportunity for owner-occupiers. The property offers five on-site parking spaces and four private garagesa rare feature in the area. Additionally, there is a generous open space at the rear of the property, adjacent to an alley, potentially allowing for the addition of ADUs (subject to buyers due diligence). This is an exceptional opportunity for investors, developers, owner-occupiers, and tenants seeking a perfect balance of tranquility and urban convenience. Dont miss your chance to own this timeless gem in one of Los Angeles most sought-after neighborhoods!
1944 Argyle Ave is a charming 1920s fourplex nestled in the heart of the Hollywood Hills. Located just steps from Franklin Avenues trendy shops and restaurants, this property offers unparalleled convenience with proximity to Los Feliz, Hollywood, and Universal Studios. Perfect for 1031 exchange buyers, this fourplex is ready to close now! Featuring four spacious 2-bedroom, 2-bathroom units, each approximately 1,500 square feet, the property boasts gorgeous hardwood floors, in-unit washer/dryers, and a welcoming front courtyard. Three units are already leased, generating a total scheduled gross income of $14,323/month, with a current cap rate of 5.56%. The property is also an excellent opportunity for owner-occupiers. The property offers five on-site parking spaces and four private garagesa rare feature in the area. Additionally, there is a generous open space at the rear of the property, adjacent to an alley, potentially allowing for the addition of ADUs (subject to buyers due diligence). This is an exceptional opportunity for investors, developers, owner-occupiers, and tenants seeking a perfect balance of tranquility and urban convenience. Dont miss your chance to own this timeless gem in one of Los Angeles most sought-after neighborhoods!