Description
1325-1329 N June St is a triplex composed of three standalone bungalow units, all of which are fully leased and tenant-occupied. While there are no plans currently in place for the this lot, the large bungalows present great potential upside. Bedrooms and bathrooms can potentially be added to the existing units with added square footage (Buyer to conduct their own feasibility studies). The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame. The area sees strong demand for real estate, fueled by ongoing urban revitalization and high economic growth guaranteeing increasing rental income and property value for years to come. **There is an opportunity to purchase the 2 adjacent lots on either side of this lot. All three are on the market and owned by the same seller: 1323 N June St (SFR w/ RTI value-add plans) and 1331 N June St (Duplex w/ RTI value-add plans).**
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5BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
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3,746SQFT
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$334$/SQFT
School Ratings & Info
Description
1325-1329 N June St is a triplex composed of three standalone bungalow units, all of which are fully leased and tenant-occupied. While there are no plans currently in place for the this lot, the large bungalows present great potential upside. Bedrooms and bathrooms can potentially be added to the existing units with added square footage (Buyer to conduct their own feasibility studies). The surrounding neighborhood is a vibrant blend of cultural diversity, offering a dynamic mix of residential and commercial properties primarily in the entertainment industry such as Paramount Pictures, Viacom, and the growing Netflix campus. It boasts strong connectivity with excellent public transportation links and proximity to key amenities like schools, hospitals, parks, and the bustling retail district just north of the site spanning the Hollywood Walk of Fame. The area sees strong demand for real estate, fueled by ongoing urban revitalization and high economic growth guaranteeing increasing rental income and property value for years to come. **There is an opportunity to purchase the 2 adjacent lots on either side of this lot. All three are on the market and owned by the same seller: 1323 N June St (SFR w/ RTI value-add plans) and 1331 N June St (Duplex w/ RTI value-add plans).**
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.