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Listed by Lauren Cearley • Myunits.com Inc.
$ 3,450,000
Est. payment /mo
New
1227 North June Street Hollywood, CA 90038
6,105 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,105 sqft
Price per Sqft $565
MLS Listing ID BB-25179565
Style Modern
Year Built 2024
Lot Size 5,122 Sqft
Property Sub-Type Quadruplex
Property Description
1227 N June St is a brand-new, non-rent controlled, FULLY LEASED fourplex in the heart of Hollywood- just minutes from major studios like Netflix and Sunset Gower, and surrounded by some of LA's largest employment hubs and most exciting lifestyle destinations. This stabilized asset is bringing in $20,480/month in gross income and a solid 5.49% cap rate, offering investors strong cash flow from day one in a highdemand rental market. Given the increased need for quality housing, this is an investment that stands strong in today's market. The fourplex (triplex + ADU "in name only") consists of three spacious 4-bedroom,4.5-bathroom townhomes and one 2-bedroom, 2.5-bathroom unit, all thoughtfully designed to maximize space and functionality. Each unit is separately metered for utilities, ensuring minimal operating costs, and the property is backed by a 1-year builder's warranty for peace of mind. Modern, open-concept layouts feature high-end designer finishes, high-end appliances, abundant natural light, and large windows that enhance the living experience. Additional highlights include expansive living areas, large front and rear-facing balconies, and sleek contemporary designs tailored to meet the demands of today's renters. Positioned in this thriving Hollywood neighborhood, the property guarantees high tenant demand and strong long-term appreciation. With zero rent control, low expenses, and immediate income in a prime rental corridor, 1227 N June St is an exceptional turnkey investment in the center of it all.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Interior Features Open Floorplan, Recessed Lighting
Heating Central
Fireplaces Type None
Laundry Dryer Included, Electric Dryer Hookup, Washer Hookup, Washer Included
Exterior
Exterior Feature Lighting
Parking Features Garage, Uncovered
Garage Spaces 2.0
Pool None
Community Features Sidewalks, Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Landscaped
Sewer Public Sewer