3227 Bennett Dr Los Angeles, CA 90068

Agent Remarks: 3227 Bennett Dr is a pride-of-ownership triplex in the upscale Hollywood Hills (on a street with multi-million dollar homes!) with sprawling views of Universal Studios and the Valley below. This picturesque property boasts an unlimited supply of updates, most notable being the lush gardens and pristine landscaping that transform the property into a true “Secret Garden.” Minutes from Universal Studios, the Hollywood Bowl, and the heart of both Studio City and Hollywood, 3227 Bennett offers buyers the perfect balance between secluded hillside tranquility and action-packed city living! This charming triplex will be delivered with the beautifully updated owner’s unit vacant, meaning this is a perfect opportunity for both owner occupiers and investors. Either A) live in the upgraded owner’s unit while having the tenants cover the mortgage or B) rent the largest unit at a premium and achieve one of the highest returns available in LA! The current projected cap rate is 4.65% and the pro forma cap rate is a whopping 5.85%. Whether you plan to occupy or fully rent, you can’t go wrong either way! Additionally, these units have historically attracted A+ tenants at peak rents within days of being on the rental market. The existing tenants are extremely reliable and clean professionals who have paid on time all throughout Covid. 3227 Bennett will be delivered with a lengthy list of amenities, including, but not limited to: 2 fully renovated units with stainless steel appliances, hardwood floors and granite countertops, a new security system with 6 Ring cameras, central air and heat in the owner’s unit, expansive private patios, decks and gardens, new copper piping and main sewer line, private washers/dryers for all units, a newly custom built secured front gate/entry, and 3 garage parking spaces accessed from a well-manicured alley that are used by the owners- a perfect opportunity for extra income!

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