Opportunity awaits on this large 7400+ square foot lot zoned LAR2 in prime Hollywood location. Presently, property includes 6 permitted studio apartments, plus and additional structure in the rear of the property that has 4 1br/1ba apartments. The 6 studios were completely remodeled over the last two years and bring in an average of $1k in rental income. Each studio has a full bath, full kitchen and new AC/heat unit. The four 1BR/1BA units in the rear are currently uninhabitable. Also on site is communal laundry room with 2 coin operated washers and dryer that are owned by seller. Conveniently located to DTLA, Hollywood, West Hollywood and minutes away from Sprouts, WeWork, Burke Williams, Pizza Mozza, Target and so much more. Buyer to verify all information regarding square footage, permits, rent control, etc.