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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$3,350,000

Est. payment - /mo

9,134 Sqft Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25010341

HOA Y/N No

Year Built 1957

Lot Size 9,134 Sqft

Property Sub-Type Apartment

Property Description

This well-maintained property is located in the World-Renowned Hollywood Media District, offering a rare investment opportunity as it hits the market for the first time in over 50 years. With approximately 50% upside in rental income, this property presents significant potential for growth. Governed by the Los Angeles Rent Stabilization Ordinance (LARSO), it ensures compliance with local regulations while offering stability for long term investment. The desirable unit mix includes 14 one-bedroom units and 2 two-bedroom units, each thoughtfully designed with gas cooking, electric heating, hardwood and carpet flooring, and ceiling fans. The building also boasts excellent parking amenities, including twelve tuck-under spaces and two enclosed spots, which are invaluable in an area where parking is often scarce. This combination of prime location, upside potential, and tenant-friendly features makes the property an exceptional investment opportunity.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Fireplace No

Laundry Common Area

Exterior

Carport Spaces 14

Pool None

Community Features Sidewalks

Total Parking Spaces 14

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5533008001

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Listed by Christopher Walker • Triqor Group • chris.walker@triqorgroup.com

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1156 N Cahuenga BLVD Los Angeles, CA 90038