REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tue

Jun

Wed

Jun

Thu

Jun

Diego Magdaleno

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

$4,100,000

Est. payment - /mo

15 Beds

12 Baths

14,029 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,029 sqft

Price per Sqft $292

MLS Listing ID 25553309

Bedrooms 15

HOA Y/N No

Year Built 1957

Lot Size 0.418 Acres

Property Description

We are pleased to present a twenty (20) unit apartment building located at 1734-1740 Taft Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Hollywood Boulevard and west of Western Avenue. Built in 1957 and 1958 respectively, this classic mid-century property is located in a prime Hollywood location, adjacent to the highly desirable Los Feliz neighborhood. Situated on a rare 18,224 SF double lot with two separate APNs, the property offers an excellent unit mix consisting of one (1) studio, fourteen (14) one-bedroom units, and five (5) two-bedroom units two of which will be delivered vacant and un-renovated, providing immediate value add potential. This multifamily asset features an on-site laundry facility, full on-site covered parking, and is soft story retrofit exempt. This offering presents a unique opportunity to convert the existing carports into multiple ADUs (up to 16), dramatically increasing potential income. Some of the buildings' recent upgrades include a new roof on both buildings and new electrical subpanels and breakers in 1740. This legacy asset on the market for the first time in 50 years represents a rare and strategic investment opportunity in one of LA's most sought-after submarkets. Nestled in a prime Hollywood Location, this offering presents an excellent opportunity for an investor to capitalize on a classic Hollywood mid-century asset priced at only $205,000 per unit and$224 per SF for the land.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Fireplace No

Exterior

Parking Features Carport

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5586034021

Special Listing Condition Standard

Read Less Info

Listed by Jason Tuvia • Marcus & Millichap

Have questions about this property, other properties, or thinking of selling a similar one? We’re here to help. Simply complete the GET MORE INFORMATION form, and we’ll be in touch shortly!

+1(714) 681-1222

info@1visionproperties.com

GET MORE INFORMATION

QUICK SEARCH

1734 Taft AVE Los Angeles, CA 90028