Absolutely charming Spanish QUADPLEX, centrally located in the rapidly-growing area of NoHo Arts District, Toluca Lake adjacent! This incredible property is a fantastic opportunity for investors who can purchase NOW with a Cap Rate of 4.7% and a PROFORMA Cap Rate of 6%. You wonât want to pass this up!! Also, perfect for the owner-occupied buyer that can live in the 2 bedroom 2 bath unit and collect rents for the other 3 units to help pay for the mortgage! On the grounds, is a beautiful custom-built space, currently being used as a MUSIC STUDIO or turn it into your own private HOME OFFICE. The ownerâs 2 bedroom 2 bath unit has an open-concept floorplan that boasts beautiful hardwood floors, a gorgeous kitchen with granite countertops and custom Italian floor tiles. Two bathrooms and 2 bedrooms each with ample closet space round out this inviting home with a warm vintage vibe! The ownerâs unit comes with 2 off-street parking spaces and an enclosed storage module. Three additional studio units all light and bright with a classic Spanish feel! Each unit has their own private yard/patio with west-facing front doors. Relax in the common area backyard with an extra-large covered patio where you can have outdoor seating for a party or a place to enjoy a morning cup of coffee. This is your chance to own a piece of SHANGRA LA! Nearby is Universal Studios, the Metro Line, 134, 170, and 101 Freeways. Close to TRENDY restaurants, cafes, and theatres. Walkability Score - 89 !