Multi-Family Income – 2020 Washington St

$2,490,000

Description

Rare Hollywood investment opportunity combining immediate income with exciting long-term potential. The property features 10 income-producing units generating steady monthly income on an 11,168 SF double lot. Investors can benefit from the existing cash flow while exploring the property’s redevelopment potential. Based on current zoning and applicable development regulations, the site may offer the opportunity for a higher-density residential project, potentially up to 40 units or more. An excellent opportunity for investors looking to combine current income with future growth in a desirable Hollywood location. Development potential is subject to applicable zoning, city requirements, and approvals.