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$3,500,000
Est. payment /mo
9,135 Sqft Lot
UPDATED:
01/16/2025 05:12 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW25010341
Originating Board California Regional MLS
Year Built 1957
Lot Size 9,135 Sqft
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
Interior
Laundry Laundry Area
Exterior
Garage Spaces 14.0
Pool None
Building
Water District - Public
Others
Tax ID 5533008001
Special Listing Condition Not Applicable
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Listed by Christopher Walker • Triqor Group