1533 Cleveland Street in Hollywood is a prime investment opportunity featuring a 2-bedroom, 1-bathroom main house and an attached 1-bedroom, 1-bathroom efficiency unit. The property is currently generating a robust rental income of $3,200 per month, with the efficiency unit renting for $1,300 and the main house for $2,000.
Hollywood is experiencing significant growth, with over 3,500 new residential units either under construction or approved in Downtown Hollywood and the Hollywood Boulevard Streetscape Improvement Project is underway, enhancing the area’s appeal and potentially increasing property values.
The seller is motivated to finalize the sale promptly, presenting a unique opportunity for investors to acquire a property in a rapidly developing area with immediate rental income.