Studio Units, Deal or No Deal?
You’ve seen a number of blog posts about The Rob Clark over the last few months, and whilst this building is one of my favorites for investors and first time buyers, it most certainly isn’t the only one. Another building that has a similar history and lifestyle to The Rob Clark is the Hollywood Regis at 7320 Hawthorn Ave.
Below are two studio units currently on the market in these two fantastic buildings. Whilst studio units do lack the interior space of one bedroom condos, we feel these two buildings and the price tags for these units, more than compensate for the small square footage. What do you guys think? Would you forgo square footage to get your foot on the property ladder? Would lease rates between $1,600 and $2,200/month convince you of their investment potential?
In 2011 three studio units, listed on the MLS, at the Rob Clark leased between $1,600 and $2,000/month. From 2010-2011 three studio units hit the MLS for lease and leased between $1,900 and $2,200/month, showing that these buildings provide a high ROI for any investors looking.
7320 Hawthorn Ave #317
Los Angeles, CA 90046
0 Bedrooms, 1 bathroom in 550sq.ft
Asking Price: $259,000
Fabulous 3rd Floor unit in the sought after Hollywood Regis. Sunny eastern exposure enjoys views over the LA skyline. Walking distance to famous landmarks, Runyon Canyon, Supermarkets and the Hollywood nightlife. Beautifully maintained, spacious living room with separate bedroom, Fireplace, granite counter tops and stainless steel appliances, including two door ice-maker fridge. Walk in closet and LG washer/Dryer in condo. Resort style facilities on premises include pool with spa, Hot tub and Cabana, Fitness center with state of the art equipment, Flat screen TV, Gated parking for 2 cars, Security Guard and Day Manager. This is the life! Easy lifestyle in the heart of Hollywood.
141 S. Clark Drive #328
West Hollywood, CA 90048
0 Bedrooms, 1 Bathroom in 420sq.ft
Asking Price: $259,000
Location, location, location — Fabulous Pied a Terre Beverly Hills Adjacent Could convert to a one bedroom, but as is room for Cal-King Bed. — Walk to Bristol Farms and Ralph’s, 1 block from the Ivy, and trendy Roberstson Blvd. Like living in a hip boutique hotel. Kitchen w/stainless steel appliances, caesarstone counter tops, and a breakfast bar. There is central air and heat. Balcony and washer/dryer in the unit. Common areas – designer furnished lobby, gym with weights/cardio, resort style pool, outdoor grilling + dining area.
To schedule a showing to see either of the properties listed above
Please email Realrealtyla@gmail.com