758 N Cherokee Ave Los Angeles, CA 90038

Excellent investment opportunity in Hancock Park adjacent South Hollywood (SOHO). Two single family homes on a corner lot with entrances on separate avenues. Located on a quiet, tree-lined residential street, this is a unique property. INVESTMENT PLAYS INCLUDE: 1.) A potential lot split and sell as separate single-family homes, 2.) Create a family compound, or 3.) Hold as long-term high-end rental.House # 1 is a Spanish-style three-bedroom, two-bathroom home with approximately 1700 square feet and an attached two car garage. Huge potential income upside; Interiors require updating and there is a tenant in the unit.House #2 is a 1938 traditional two-bedroom two-bathroom home with a large decked side yard and a driveway space for parking. The home has just been stylishly gut-renovated and is move-in ready. Each unit is separately metered for gas and electricity. Tenants also pay for their own heat and garbage, keeping operating expenses very low.