Property Details

Price $5,850,000

Year Built 1912

# of Units 6

Price P/ Unit $975,000

Sq. ft. 6,988 SF

Price p/ Sq. ft. $837

Current Cap Rate 3.30%

Proforma Cap Rate 3.64%

Lot Size 16,874 SF

Zoning LAR2

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About the Property

Highland Terrace is a one-of-a-kind Zen-like gated community featuring (3) Craftsman and Victorian duplex bungalows, consisting of 6 units, all nestled in the foothills of the Hollywood Hills yet offering the convenience of a central Hollywood location. Each Craftsman and Victorian bungalow exude outstanding Golden Era architecture and reside among a lush garden community courtyard, with a large deck, sauna and cold shower. Patios are nestled among tropical flora and fauna. The 16,874 SF expansive resort-like lot features private and perfectly manicured gardens, lush foliage, and tall mature trees. Each bright and spacious unit with cathedral-style windows features hardwood floors, elaborate moldings, exposed beams, ornate ceilings, and a fireplace. A remodel of each unit was completed several years ago with strict attention to retaining the authentic integrity and character of each bungalow. Modern updates include central air, heating, washer and dryer, and new kitchen appliances.

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