We Are Pleased To Present 2314 Polk St, A Fully Occupied 13-unit Multifamily Asset Just Minutes From Young Circle And Downtown Hollywood. The Property Features Ten 1-bed Units, Two 2-bed Units, And One Studio—offering Strong Rental Stability And Demand. Recent Upgrades Include A New Roof, Central A/c, Exterior Paint, Landscaping, And Several Renovated Interiors. Additional Income Comes From Coin Laundry, And There Is Ample On-site Parking. All Leases Are Month-to-month With Rents ~33% Below Market, Allowing Immediate Upside. The Property Operates At A 5.5% Cap Rate With A 7% Pro Forma. Sitting On A 20,000 Sf Lot With Favorable Zoning, The Site Allows Redevelopment Of Up To 37 Units—making This A Prime Opportunity For Investors And Developers.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
Heating Description: Central
Cooling Description: CentralAir
Building and Construction
Floor Description: Other,Tile,Vinyl
Year Built: 1972
Year Built Description: Resale
Style: Fourplex
Waterfront and Water Access
Waterfront Frontage: No info
School Information
Other Property Info
Listing Date: 2025-08-03T11:40:59.000-00:00
Taxes, Fees & More
Taxes: 36984
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