Bought with Datashare CR Don't Delete Default Agent • Datashare CR Default Office Don't Delete
$1,705,000
$1,399,000
21.9%For more information regarding the value of a property, please contact us for a free consultation.
3227 Bennett Drive Los Angeles, CA 90068
2,106 SqFt
Key Details
Sold Price $1,705,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,106 sqft
Price per Sqft $809
MLS Listing ID CRBB22025392
Sold Date 04/08/22
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1954
Lot Size 4,285 Sqft
Property Sub-Type Triplex
Property Description
3227 Bennett Dr is a pride-of-ownership triplex in the upscale Hollywood Hills (on a street with multi-million dollar homes!) with sprawling views of Universal Studios and the Valley below. This picturesque property boasts an unlimited supply of updates, most notable being the lush gardens and pristine landscaping that transform the property into a true “Secret Garden.†Minutes from Universal Studios, the Hollywood Bowl, and the heart of both Studio City and Hollywood, 3227 Bennett offers buyers the perfect balance between secluded hillside tranquility and action-packed city living! This charming triplex will be delivered with the beautifully updated owner’s unit vacant, meaning this is a perfect opportunity for both owner occupiers and investors. Either A) live in the upgraded owner’s unit while having the tenants cover the mortgage or B) rent the largest unit at a premium and achieve one of the highest returns available in LA! The current projected cap rate is 4.65% and the pro forma cap rate is a whopping 5.85%. Whether you plan to occupy or fully rent, you can’t go wrong either way! Additionally, these units have historically attracted A+ tenants at peak rents within days of being on the rental market. The existing tenants are extremely reliable and clean profession
Location
State CA
County Los Angeles
Interior
Cooling Central Air
Flooring Wood
Fireplace No
Laundry Dryer, In Garage, Washer, Other
Exterior
View City Lights, Mountain(s)
Building
Lot Description Corner Lot, Back Yard, Garden, Landscape Front, Landscape Misc
Water Public
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