1231 N June, Los Angeles, CA 90038

Property Description

FOUR UNIT NEW CONSTRUCTION LUXURY COMPLEX IN HOLLYWOOD OFFERED FULLY LEASED OR VACANT AT A 6% CAP! We are pleased to announce a beautiful new construction, NON-RENT- CONTROLLED, Green Certified and Solar equipped four-unit complex. The property is in the heart of Hollywood and West Hollywood adjacent, between Santa Monica Blvd. and Sunset, which house Netflix, Capitol Records, Sunset Gower Studios, The Dome Entertainment Centre, Dolby Theatre and many more tech and entertainment companies pouring into the highly desirable neighborhood. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding entertainment hubs, tourism and supporting services providing high-paying and stable jobs. Hollywood continues to be a very hot market and with continued new development we anticipate further growth and demand. The property can be delivered fully vacant or leased. This non-rent-controlled luxury complex is comprised of two duplexes, totaling four new construction townhomes, each with private laundry rooms and private parking spaces and private yard spaces. Each unit is equipped with separate meters for water, gas and solar power electricity, as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property is completed with drought tolerant landscaping, as well as energy efficient building materials, Solar, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.