This well-positioned 4-plex is located in a highly desirable and historic, Hollywood area. The property is zoned for multi-unit, LAR3 and welcomes investors with creative mind and experienced architects on their team to build a multi-unit apartment building. Built in 1920’s the property still has its character and it is located in an exclusive spot surrounded by many Hollywood Hallmark spots. Take pleasure in dining and spending time with your family, you will be close to many exquisite restaurants, cafes, farmer’s market etc, literally minutes away from the property. This area is a highly desirable neighborhood with many new rental buildings being built. Rental rates average, $2000 for a 2 Br / 2 Bath unit for older buildings and $2500 and up for newly built apartment buildings. The property consists of four large 2 Br + 1 Bath Units. The units also include inside laundry machines.