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$3,995,000
Est. payment /mo
9,683 Sqft Lot
UPDATED:
12/05/2024 02:28 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24460445
HOA Y/N No
Year Built 1939
Lot Size 9,683 Sqft
Property Description
We are pleased to present this exclusive investment offering of a 6-unit apartment building with redevelopment potential located in prime Hollywood. The subject property is located at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046 ("Property"). It offers investors and developers a rare opportunity to acquire an existing, character apartment building on a large lot. The Property consists of one structure with a total of 6,296 square feet of rentable space on a single lot with 9,681 square feet of land zoned LAR3. Originally constructed as six apartment buildings and featuring attractive period architecture, the current rents are well-below market due to Los Angeles rent control restrictions. This presents "value-add" potential for an investor or a developer to consider new apartments or condominiums.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Building/Complex Name none
Zoning LAR3
Interior
Heating Combination, Natural Gas
Fireplace No
Laundry In Kitchen, See Remarks
Exterior
Community Features Gated
Utilities Available Cable Available, Electricity Available, Natural Gas Available
Roof Type Asphalt,Flat
Total Parking Spaces 6
Building
Lot Description Back Yard, Garden
Story 2
Water Public
Others
Tax ID 5548020040
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s),Window Bars
Special Listing Condition Standard
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Listed by Steve Frankel • Coldwell Banker Realty