2050 Rodney Drive

Offered at: $5,195,000

Year Built: 1961

Region: 637 - Los Feliz

MLS#: 25583881

Status: Active

Property Description

Rare offering in the heart of Los Feliz strong rental market to acquire a value-add 16 units. Great unit mix of 2bed 2 bath and 1 bed. 16 parking. Several ADU Opportunities via SB 1211 to increase income. 50% of the units have good upside in rental through interior renovation. Stabilized metrics pencil at a 7% CAP. All Units have large bedrooms, living area and natural light. Beautifully maintained mid-century 2 stories courtyard building centered around a sparkling in-ground pool. A few blocks away from Los Feliz Village, Starbucks Reserve, Alcove, Figaro, and all the shopping Los Feliz has to offer.