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    3747 Fredonia Drive

    Los Angeles (City), CA 90068
    • $1,399,999
    • STATUS: Active Under Contract
    • ON SITE: 67 days
    • ID#: BB20115770
    Under Contract
    $1,399,999
    • 0
      BEDS
    • 0.37
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,400
      SQFT
    • $412
      $/SQFT
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    Description

    The 2-4 Unit Specialists are pleased to present this secluded park-like (tree-laden) triplex in the Studio City/Universal City Hills. It is a rarity to find a 2-4 unit property in this picturesque neighborhood, as only one has become available in the past year. This compound, which is rumored to have been owned by Rock Hudson, transports the client into a lush hideaway despite being only minutes away from the Hollywood Bowl, Universal Studios, and the Hollywood Freeway. Situated 2 blocks south of Cahuenga Blvd, other location highlights include In-N-Out Burger, LA Fitness, and Ventura Blvd.3747 Fredonia consists of a 2bd/1ba upper unit, a 1bd/1ba lower unit, and a standalone 1bd/1ba cottage. Additionally, the property has a large enchanting patio where tenants have hosted comedy shows and music events. Historically, these units have attracted A+ tenants at peak rents within days of being on the rental market. The property has an excellent current cap rate of 4.2% and a pro forma cap rate of 5.02%! Lastly, the units are situated on an enormous 16,000 SF lot, making development a possibility for the future! Not only is 3747 Fredonia a true oasis in the city, but a strategic long-term investment.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T00:27:49.22. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/108173295
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    3747 Fredonia Drive Los Angeles (City), CA 90068

    • Price: $1,399,999
    • Status: Active Under Contract
    • ID#: BB20115770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.37
    Acres
    3,400
    SQFT
    $412
    $/SQFT
    1940
    Built
    Neighborhood:
    C30 - Hollywood Hills East
    County:
    Los Angeles
    Area:
    C30 - Hollywood Hills East
    Property Description
    The 2-4 Unit Specialists are pleased to present this secluded park-like (tree-laden) triplex in the Studio City/Universal City Hills. It is a rarity to find a 2-4 unit property in this picturesque neighborhood, as only one has become available in the past year. This compound, which is rumored to have been owned by Rock Hudson, transports the client into a lush hideaway despite being only minutes away from the Hollywood Bowl, Universal Studios, and the Hollywood Freeway. Situated 2 blocks south of Cahuenga Blvd, other location highlights include In-N-Out Burger, LA Fitness, and Ventura Blvd.3747 Fredonia consists of a 2bd/1ba upper unit, a 1bd/1ba lower unit, and a standalone 1bd/1ba cottage. Additionally, the property has a large enchanting patio where tenants have hosted comedy shows and music events. Historically, these units have attracted A+ tenants at peak rents within days of being on the rental market. The property has an excellent current cap rate of 4.2% and a pro forma cap rate of 5.02%! Lastly, the units are situated on an enormous 16,000 SF lot, making development a possibility for the future! Not only is 3747 Fredonia a true oasis in the city, but a strategic long-term investment.
    Exterior Features

    Garage Spaces 3.00 Lot Features Back YardLot 10000-19999 SqftSecludedUp Slope From Street Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Laundry Features InsideOutside

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features Gutters Country Us Electric Expense 0.00 Elevation Units Feet Gross Income 84792.00 Gross Scheduled Income 84792.00 Insurance Expense 1200.00 Land Lease YN No Laundry YN Yes Net Operating Income 58852.00 New Construction YN No New Taxes Expense 16744.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 0 Operating Expense 24244.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 24244.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning Lar1

    Listing provided courtesy of Michael Moran of The 2-4 Unit Specialists and Elizabeth Maddox of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T00:27:49.22. 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 deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
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