For Sale

Listed by Sergio Flores and Michael Lehman from Compass

Source: Combined LA Westside Multiple Listing Service, Inc #26840527

6043 Selma Avenue, Los Angeles, CA, 90028

$2,950,000

10
6
9
4328 sq. ft.
19809 sq. ft.

Other

30+ days on the market

What's around 6043 Selma Avenue

About this property

Bungalow Heaven! This unique property consists of 6 individual bungalow homes on a huge, gated lot (almost 20000 sf)! Each house is rich with original woodwork and character and has its own private, fenced yard. 3 of the units have been completely renovated within the past 2 years with all new electrical, plumbing, HVAC, kitchens, baths, flooring, etc.; 5 of the units just had new roofs installed and the 6th was inspected and certified. This property is located in the heart of Hollywood, within walking distance of the Metro, shopping and restaurants, but set back off a quiet tree-lined street creating a tranquil and private living environment. Everyone who has lived in these units love them and therefore there is very little turnover with several tenants staying over 20 years. The purchase of 6043-53 Selma Ave. is the perfect opportunity for an investor to acquire a centrally-located Hollywood gem with tremendous income upside potential as demand for residential rentals in this area continues to grow. This property could also be great candidate for a Tenants in Common (TIC) conversion.

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