813 Cherokee Ave Los Angeles, CA 90038

Agent Remarks: Presenting a 2023-built, modern duplex, nestled in the vibrant heart of Hollywood. This property is part of a portfolio of four newly constructed duplexes, all crafted by TJH. Each duplex boasts two townhome units, each with 4 bedrooms and 2.5 bathrooms. At present, one unit is available for occupancy while the other is already generating income, making this an ideal opportunity for an owner-user. Offered at a cap rate of 5.14% and priced at $656 per square foot, this property presents a golden opportunity for the discerning investor to acquire a piece of prime Los Angeles real estate. The units are finished to the highest standards, with no detail overlooked during construction. Inside, you’ll find wide plank vinyl flooring, recessed lighting, polished chrome plumbing fixtures, white shaker cabinets, and white quartz countertops. The kitchen is equipped with brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher, and microwave. Each unit comes with a 2-car garage and an additional outdoor space, in-unit laundry facilities, and a private backyard. The property also includes fully paid-off solar panels, courtesy of the developer. Tenants are responsible for all utilities, ensuring low overhead costs for the investor. The location is a renter’s dream, situated in a central area of LA close to major employment hubs. It’s just a short walk to Melrose, home to some of LA’s finest restaurants. This property is not just a home, but a lifestyle - a perfect leasing opportunity for those seeking sophistication and elegance.

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