1223 June StLos Angeles, CA 90038

Property Details for 1223 June St

Year built

2024

Property size (Sq ft)

6,329 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 2024-built fourplex in prime Hollywood, Los Angeles (90038), presents a lucrative investment opportunity. The property, located at 1223 N June St, boasts 6,329 square feet of net rentable space across four units, two three-bedroom and two four-bedroom tri-level townhomes. Each unit features expansive rooftop decks, premium finishes including sleek cabinetry, huge windows, and designer tiles. All units are separately metered for gas, water, and electricity, minimizing maintenance and maximizing efficiency. The property includes eight parking spaces (four garage, one exterior, two bonus exterior). Currently, one unit is leased at $6,295 per month, contributing to a strong 5.40% cap rate and a Pro-Forma NOI of $199,626. The asking price is $3,695,000, translating to $923,750 per unit and $583.82 per square foot. Situated on a 5,122 square foot lot, zoned LARD1.5, this property offers a blend of luxury, convenience, and high rental demand, making it an ideal investment for discerning buyers. The property benefits from a one-year builder's warranty and drought-tolerant landscaping. Its proximity to West Hollywood's shops and restaurants, and iconic Hollywood Boulevard, ensures high occupancy rates and strong rental income. This turnkey investment is ready for immediate occupancy and offers a compelling return on investment.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0933

Longitude

-118.334

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].