Investment Property
Lying in the highly desirable Mariposa community in booming Bouqet Canyon location. The two story town home features include new white oak wood flooring, chef's kitchen with all stainless steel appliances and sparkling granite countertops, and an ideal open floor plan.
Read MoreHere is an updated list of my current active listings. I have some great properties for a multitude of different buyer profiles available. Whether you are an Investor, want to buy a great character house, or lease a modern architectural in the Hollywood Hills, I've got you covered.
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We closed escrow recently on this fourplex in an A+ location on coveted Beachwood Dr. My client's got themselves a nice building that brings in solid rents. Let's face it when buying an income property the main thing is how much money does it bring in every month. This one brings in about $6,500/mo, which is solid, especially compared to other buildings in this area and price range that bring in significantly less rent. The building, made up of two 2 bedrooms (one with a huge private yard) and 2 studios, was renovated a few years ago and the units contain upgraded features such as; stainless steel appliances and custom cabinetry in the kitchens, Italian marble flooring, marble countertops and showers. Again, this is a great location that will always be desirable to potential Tenant's, and an excellent place for my client's to put their money both in the short and I believe the long term. It is the second deal I have done with these particular Buyer's, and I couldn't be happier for them, and appreciate having them and their continued trust as client's.
2276 Beachwood Dr, Hollywood Hills
$1,050,000 (Asking price was $1,195,000) 4 Units 3,036 Sq. Ft 6,299 Lot Sq. Ft
Pictures by Eric Smilay for Smilay Properties
Listing courtesy of Rafael Aguillo - Windermere Exclusive Prop.
If you would like to find a similar investment property in and around this area, please feel free to contact us anytime @ 310.600.9172 or email smilayproperties@gmail.com. We would be happy to assist!
My client just closed yesterday on this beautifully remodeled classic 1923 four-plex in desirable Los Feliz Village. I am quite happy for them, as it is a great building with solid tenant's, and is sold 100% occupied. Speaking of the Tenant's, I thought it was quite interesting that they all have the same mid-century furniture and design aesthetic in their individual apartments, as you can see in a few of the living room shots below. The building spins off about $6,000/mo in total and that is with one unit paying considerably under market value due to rent control. The building was remodeled in 2007. Upgrades include: new roof, double paned windows, pavers, new kitchen cabinets, Hunter ceiling fans, awnings, washer/dryer (in two of four units), energy efficient appliances (tankless waterheaters), and hardwood floors throughout. The property is within walking distance to the historic Vista Theatre, and all the shops and restaurants of the Village. From the upstairs balcony the two units have views of the Griffith Park Observatory as well! There is also a private garage in the back for each unit. In short it is a beautiful building with great Tenant's in a prime and still growing location. I think my client's did quite well for themselves, and it was an honor to represent them on this transaction.
1540 Rosalia Rd, Los Feliz
Sold for $1,040,000 (Asking price was $1,100,000) 4 1 Bed Units 1 Bath each unit 3,448 Sq. Ft 6,621 Lot Sq. Ft.
Listing by Narbeh Avedissian - Stratus Properties, Inc
Pictures by Eric Smilay for Smilay Properties
If you are interested in purchasing an investment property for yourself, I would be happy to assist. Please contact us anytime @ 310.600.9172 or email smilayproperties@gmail.com.
