Great for a 1031 Exchange replacement/upleg property, or ideal for an Owner/User! Introducing a 4 unit apartment complex located on the popular Melrose Avenue with Commercial Zoning. The owner's 2-bedroom unit will be delivered vacant affording the opportunity for more income, or a wonderful owner/user option. There is a rooftop deck for the owner's unit which offers views of the Hollywood Sign and Griffith Observatory. The rest of the building is vacant and ready to fill with residential or commercial tenants. The building is located in prime Melrose and is only steps away from Larchmont, Paramount Studios, Raleigh Studios and more. Buyer to cooperate with Seller's 1031 Exchange at no expense to buyer.
We are pleased to present 5851 La Mirada Ave, a duplex property located in the highly sought-after Hollywood neighborhood. The 2118 SF duplex boasts two separate homes with no common walls and a detached two-car garage. This property is ideal for an owner user. This property is also a 4- 20 Unit Development opportunity. The lot is 7200 square feet, LAR3 Zoned, TOC Tier 1, and has dimensions of 48 x 150. This property is ideally located just minutes from Santa Monica Blvd and Hwy 101, and 15 minutes from downtown Los Angeles.
SHORT SALE APPROVED AT LIST PRICE! Opportunity! Discover a lucrative Hollywood property with exceptional potential. Spanning 8,294 square feet, this property features a captivating front house and two spacious rear units, offering 8 bedrooms and 6 modern bathrooms. The main residence boasts a spacious layout with a meticulously designed kitchen. The rear units offer 1-bedroom layouts with stylish bathrooms, fully appointed kitchens, and separate washer and dryer hook-ups. Parking is abundant with 4 covered carport spaces and additional driveway room. Strategically located near major movie studios, premier shopping destinations, and dining establishments, this property promises both investment and owner-user potential. Cosmetic improvements are needed but offer great added value. Don't miss out on this exceptional short-sale opportunity!
BRAND NEW 5 UNITS IN PRIME HOLLYWOOD/ HANCOCK PARK. Experience unparalleled contemporary living with this exquisite newly constructed building near the bustling Melrose-La Brea shopping district. Impeccably designed units featuring open floor plans, beautiful flooring, large windows and sliding doors boasting loads of natural light. Bright living rooms and dining rooms, custom kitchens with quartz countertops and stainless steel appliances. Embrace sophisticated design, impeccable finishes, and meticulous attention to detail that define these units. Each unit is equipped with its own laundry, and individually metered for water, gas and electricity. Just minutes away from the finest shopping and dining experiences in Los Angeles. This prime location also offers easy access to public transportation, freeways, and local parks, providing residents with the opportunity to explore the finest attractions that Los Angeles have to offer. In addition to high returns, buyers will enjoy numerous perks including everything brand new, minimal maintenance, separate meters for gas, water, and electricity, and strong rental desirability. Extraordinary opportunity for an investor to acquire a remarkable asset that is poised to have tremendous appreciation. Artificial Grass is installed which makes landscape maintenance a breeze. A perfect INCOME Property Opportunity for all Investors! ***Not a rent control property*** a dream come true for 1031 exchange buyers!
BRAND NEW 5 UNITS IN PRIME HOLLYWOOD/ HANCOCK PARK. Experience unparalleled contemporary living with this exquisite newly constructed building near the bustling Melrose-La Brea shopping district. Impeccably designed units featuring open floor plans, beautiful flooring, large windows and sliding doors boasting loads of natural light. Bright living rooms and dining rooms, custom kitchens with quartz countertops and stainless steel appliances. Embrace sophisticated design, impeccable finishes, and meticulous attention to detail that define these units. Each unit is equipped with its own laundry, and individually metered for water, gas and electricity. Just minutes away from the finest shopping and dining experiences in Los Angeles. This prime location also offers easy access to public transportation, freeways, and local parks, providing residents with the opportunity to explore the finest attractions that Los Angeles have to offer. In addition to high returns, buyers will enjoy numerous perks including everything brand new, minimal maintenance, separate meters for gas, water, and electricity, and strong rental desirability. Extraordinary opportunity for an investor to acquire a remarkable asset that is poised to have tremendous appreciation. Artificial Grass is installed which makes landscape maintenance a breeze. A perfect INCOME Property Opportunity for all Investors! ***Not a rent control property*** a dream come true for 1031 exchange buyers!
This unique property offers three units in the highly sought-after Melrose area of Los Angeles, presenting an ideal opportunity for developers or investors. Just one block from vibrant Melrose Avenue, this well-established neighborhood is experiencing rapid growth, making it a perfect time to invest. Take advantage of this rare chance to develop or expand in a location that combines urban convenience with neighborhood charm. Don’t miss out on this fantastic property with endless potential in one of LA’s most desirable areas!
713 N Gramercy Pl is an ultra-premium 2024 Opportunity Zone fourplex located just steps away from the vibrant Larchmont Village, with its trendy shops, restaurants, and conveniences along Larchmont Blvd. You'll also be minutes from the iconic Paramount Studios and have easy access to the 101 Freeway- a major draw for high-end tenants! This property is ready for immediate closing and can be delivered vacant or leased—an ideal opportunity for 1031 exchange buyers and Opportunity Zone investors. This fourplex consists of four impressive 4-bedroom, 4-bathroom tri-level townhome-style units, each boasting huge decks off the living spaces and bedrooms. With 10 parking spots (6 garage and 4 exterior), this property offers an unheard-of parking advantage in the area. The unbeatable location, combined with upscale, modern units and fantastic outdoor space with city views, ensures quick, easy rentals. These premium townhomes feature expansive, tenant-friendly kitchens and living rooms, designer tiles and stones, and include all kitchen appliances. Noteworthy features include massive balconies with Hollywood Sign views, modern soft-close cabinets, 10 ft high ceilings, huge walk-in closets, balconies off both living spaces and bedrooms, and countless windows for maximum light. The interiors are finished with natural wood waterproof vinyl flooring, marble waterfall islands, and sleek black hardware. In addition to high returns, buyers will enjoy numerous perks: tons of parking, beautifully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand new everything, minimal maintenance, separate meters for gas, water, and electricity, and strong rental desirability for years to come. Once fully leased, we project a solid 5.44% cap rate and $200,959 in yearly gross rent. Call now to lock this up before it's gone!
First time on the market in 64 years. Prime location. One-half block from Paramount Studios and within one-half mile north of Larchmont Village which is popular for its shopping and dining facilities. The neighborhood has experienced regentrification with the construction of new projects. R3 zone allows the construction of up to 8 units. Site is designated TOC-Tier 2. Buyer to verify zoning and all permits on record. Property is being sold as-is. Owner reserves the right to conduct a 1031 exchange. Listing agent related to seller.
A triplex in one of the hottest neighborhoods in rapidly changing Hollywood! We are pleased to present 971 N. Wilton Place. 3 existing units in the heart of Hollywood, with on-site parking & a private yard! Potential Owner/Users can enjoy the prospect of development while residing in the embodiment of the Southern California Dream; Hollywood. This RD1.5XL Zoned property boasts the ability to build 5 UNITS BY RIGHT (Small Unit Subdivision), or 8 UNITS utilizing TOC TIER 2, and is in the midst of revitalization and growth. A prime investment opportunity, this building also has a rare feature, in that the back unit was built in 2011, and is not subject to rent control ordinance! (Buyers to confirm with city and are solely responsible for all investigations).Additionally, Owner/Users can fully renovate & live in a unit, while their tenants help pay the mortgage! Walking distance to Paramount Pictures Studio! Buyer to participate in a 1031 Exchange at no extra charge to the buyer.
Charming 12-Unit Building in the Heart of Hollywood consisting of 3 separate buildings and parcels. Discover the perfect blend of comfort and style with this charming 12-unit building nestled in the vibrant Hollywood neighborhood. This well-maintained property offers a unique opportunity for modern living in one of Los Angeles' most iconic areas. It's situated just moments away from Santa Monica, Hollywood and Sunset Boulevard, you’ll have easy access to a plethora of world-renowned entertainment, dining, and shopping options. The building is designed to cater to a range of lifestyles, offering a mix of two and three bedroom units that attract strong long-term tenants. The property boasts a welcoming community environment with a nicely maintained exterior and well-lit common areas ensure a safe and pleasant living experience for all residents. With its prime location, desirable features and the excellent income to expenses ratio, this building presents an excellent investment opportunity, especially with Hollywood’s dynamic real estate market that promises strong rental demand and potential for future appreciation. This property contains 10 units out of the twelve that are NOT rent controlled by the city of Los Angeles, it also have separate electric and gas meters for each unit. Whether you're seeking a consistent income or an investment for appreciation, this 12-unit building offers an exceptional opportunity to be part of Hollywood's thriving community. Come experience the blend of comfort, style, and convenience that this income-producing property has to offer!
Great Owner-User Opportunity! Nestled just off Fountain and Highland and a short distance from the Sunset Strip, Fairfax/La Brea, and the Hollywood Hills, this remarkable property is poised to attract discerning tenants with its chic Eastside ambiance, contemporary features, and superbly central location. Residents will enjoy easy access to Hollywood's prime workspaces, entertainment spots, and dining hotspots. The property features two 2-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit, all showcasing lively Bohemian flair. Each unit boasts thoughtfully crafted layouts, high-end appliances, sleek European-style cabinetry, quartz countertops, resilient Herringbone-patterned luxury vinyl flooring, stylish vanities, striking tile work, and matte-black fixtures in the bathrooms. All units come equipped with central A/C. The fully landscaped property also includes a charming fenced communal backyard with a classic outdoor fireplace. Notable upgrades include brand new windows, doors, roof, plumbing, sewer, and electrical systems. Additionally, each unit is separately metered for gas, water, and electricity, enhancing investment returns for astute buyers. This is a superb opportunity for owner-users seeking rental income to offset their mortgage or investors aiming to maximize depreciation while securing premium market rents. To be delivered vacant.
Charming 1919 Victorian Home in Prime Hollywood/Little Armenia – Probate Sale This captivating 3-bedroom, 2-bathroom Victorian residence, built in 1919, sits in the highly coveted Hollywood/Little Armenia neighborhood. Blending historic charm with investment potential, this property offers an excellent opportunity for savvy investors. With a spacious layout and ample potential for an ADU (Accessory Dwelling Unit) expansion, the possibilities are endless. Ideally situated near trendy restaurants, vibrant entertainment, essential amenities, and major freeways, this property provides unmatched convenience. Enjoy being at the heart of it all while owning a piece of Los Angeles history in one of the city's most sought-after neighborhoods. Key Details: Probate Sale – Full authority, with no court confirmation required. Death on Property – July 26, 2022 (disclosure required). Parking – Street parking permits required (buyer to purchase from the city). No Repairs or Home Warranty – Seller will not make any repairs or provide a home warranty. Permits – Uncertain, buyers should verify independently. Offer Process – Seller will not consider blind offers or buyer letters; please schedule viewings with the listing agent. Cross-qualification required prior to final acceptance. Don't miss this rare opportunity to invest in a historic property with significant upside in one of L.A.'s most desirable areas!
5 UNITS DELIVERED VACANT! Prime Net Lease is pleased to present an exceptional eight-unit multifamily investment opportunity in the heart of prime Hollywood. Nestled in one of the most sought-after markets in Los Angeles, this property offers unparalleled access to major thoroughfares and is just minutes from Hollywood's world-famous entertainment, shopping, and dining districts. The property also boasts a WalkScore of 96, making it a walkers paradise. This well-maintained building, constructed in 1956, spans 6,750 square feet of living space on a 7,489 square foot LAR3-zoned lot. The property features a strong unit mix, including five (5) one-bedroom, one-bath units and three (3) two-bedroom, one-bath units, making it an appealing choice for a variety of tenants. Adding to its value, six of the units come with covered parking spaces in the rear (with potential to add a 7th spot).For investors, this property represents a significant value-add opportunity. With five of the eight units to be delivered vacant, a savvy investor has immediate potential to renovate and capture higher market rents. Additionally, the property includes an on-site laundry room, providing convenient amenities for tenants while generating extra income. Separately metered gas and electric systems help keep operating costs low, enhancing profitability.
We are pleased to offer for sale this great investment opportunity for astute investors in prime Hollywood. The Wilcox Place apartments are nestled in the heart of Hollywood, arguably one of the most recognized neighborhoods in the world. Comprised of 86% 2 bedrooms units, this rare offering is being offered at considerably attractive $235K per unit and low $281 per sf. Being cared for by the same family for decades, the offering provides roughly 60% of rental upside subject to LA RSO. Some units provide great views, generous balconies and ample parking. With a WalkScore of 89, tenants can access the Hollywood strip in 5 minutes and west Hollywood in just 2 minutes. 15-minute walk to the Hollywood & Vine Red Line station, 15-minute drive to Downtown Los Angeles, equips tenants with accessibility in day and age with increased traffic & travel times. The surround location in the epicenter of high income creative workforce, with the Sunset Las Palmas studios steps away, Sunset Gower studio, less than 1 mile, The massive upcoming Echelon studios coming on in 2025, Paramount Studios, Netflix and others all in walking distance. Seller and its agent make no promises or warranties to the accuracy of information. Broker and buyers are instructed to conduct their own studies and consult with their tax and legal advisors in all matters including property data, local laws, zoning, rent control, insurability, financing etc. * Contact listing agent for offering memorandum *
Step into a slice of classic Hollywood glamour with this stunning courtyard building, a great tenant's magnet -- just doors to Hancock Park and moments away to the vibrant hotspots of Larchmont, Melrose, and La Brea! This meticulously maintained 7-unit gem includes 5 generously sized one-bedroom apartments and 2 chic studio suites. Tenants experience open-concept living spaces, custom kitchens and baths, and elegant crown molding in five of the units and recent updates to the plumbing and electrical. Generating $163,404 a year, this property is not just an great investment - it's a golden opportunity for your portfolio with strong upside in rents or for the end user seeking a private owner's retreat with access to a serene garden oasis. The property also features a detached garage with space for up to six cars, offering the potential for a future ADU (buyer to verify), further boosting its value. Delivered fully occupied, this classic beauty is ready for its next steward.
Well-maintained 3,166 square foot property situated on a 7,053 square foot LARD1.5 zoned lot. The building is made up of five (5) units, with a great unit mix of one (1) studio unit, two (2) one bedroom & one bathroom units, and two (2) two bedroom & one bathroom units. The property has tremendous rental upside potential. Each unit is separately metered for gas and electricity. There are four (4) parking spaces. Located in Hollywood, on Wilton Place, near Western Ave. & Santa Monica Blvd., with very easy access to the 101 Freeway. The location is deemed "Very Walkable" with a score of 89 out of 100, as many errands can be accomplished by foot. Nearby you can find many fast casual dining options, restaurants, grocery stores, parks, and more! Including Chick-Fil-A, Osteria La Buca, & Dave's Hot Chicken. Because of the large amount of employment opportunities at Paramount Studio's, Netflix, local production and post-production houses, this area has stable tenant base and is highly sought after by the professional tenant. You are within five minutes of all of the restaurants, bars, and entertainment that the hippest areas in LA: Echo Park, Sunset Junction, Silverlake, Koreatown, Hollywood, Downtown LA and West Hollywood all have to offer. The subject property is located in the City of Los Angeles and is subject to LA Rent Control.
Situated in the Hollywood neighborhood, Lamlex Lexington Apartments consists of 20 units. The property is located minutes away from two major thoroughfares, Santa Monica Blvd, Sunset Blvd, and the 101 Freeway. Residents benefit from the short commute to Downtown Los Angeles and the walking distance to all nearby amenities along Sunset Strip and Santa Monica Blvd. Lamlex Lexington Apartments offers 16 studio/one-bath apartments each measuring approximately 425 square feet each and 4 one-bed/one-bath apartments each measuring approximately 700 square feet each. The average unit size is approximately 480 square feet. The apartments are separately metered for gas and electric.
5613 Virginia Ave is a 16-unit apartment community located in Hollywood. Situated on a prime location at Virginia Ave and N St Andrews Pl, 5613 Virginia Ave is currently being offered at $193.83/SF and 9.99 GRM on existing income. Built in 1929, 5613 Virginia Ave is a low-rise style building offering (5) Studio/One-Bathroom units and (11) One-Bedroom/One-Bathroom units.
5837 Willoughby Ave. JUST SOLD DOWN THE BLOCK 2-Units for $1,300,000. 5816 Willoughby Avenue, a 3-unit multifamily investment OR Development opportunity located in perhaps one of the strongest submarkets in Los Angeles, Hollywood, CA. The property is situated in one of the trendiest locations in Los Angeles, sitting just North of Melrose Ave, sandwiched between Vine Street and Gower Street. The property currently features 2,254 square feet of gross rentable area, situated on a 6,491-square foot lot. The 3-unit building is composed of 3 two-bedroom/one-bathroom units and offers gated parking for tenants. 5816 Willoughby Avenue offers tenants excellent proximity to some of Los Angeles' finest amenities such as the Sunset Strip, Wilshire Country Club, Melrose Avenue, Restaurants on La Brea, the world renowned shopping center, The Grove and others. Nearby grocers include Trader Joe's, Pavilions and Sprouts. Local dining options include Alfalfa, Osteria, Great White, Ramen Melrose, The Common Good, Stir Crazy and many more. Due to the property's premier location, 5816 Willoughby Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset or develop a completely new product in the heart of Central Hollywood* Opportunity: As Is build (2) Detached ADU's OR Redevelop into 8-Units OR Redevelop into 8-Units and add (2) ADU's *Buyer to Verify*
1223 N June St is an ultra-premium 50% LEASED 2024 fourplex located in A+++ Hollywood proper, just steps from the iconic Hollywood Blvd! This fourplex is ready to close now: a dream come true for 1031 exchange buyers! 1223 N June St is made up of two large 4-bedroom tri-level townhome style units (one currently leased at $6,295) and two equally as impressive 3-bedroom tri-level townhome style units, both boasting massive rooftop decks! The property features 8 parking spots comprised of 4 garage spaces,1 exterior space and 2 bonus exterior spaces. The excellent location, paired with the upscale modern units, and sprawling rooftop deck views of the city will make for quick, easy rentals. These premium townhomes feature unbeatable floorplans with extremely large, tenant friendly kitchens and living rooms. You will find noteworthy features including, but not limited to designer tiles, all kitchen appliances included, MASSIVE rooftop decks with Hollywood Sign views, modern glossy cabinets, high ceilings, huge closets, balconies off the living space and bedrooms, countless windows everywhere you look allowing for maximum light, natural wood waterproof vinyl, and more! In addition to the high return, buyers will enjoy other perks including tons of parking, tastefully designed drought tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come.
Gorgeous duplex in the city of Hollywood. Fully remodeled units, Featuring 2 bedrooms and 2 bathrooms in each unit, Stainless steel appliances, wooden floors throughout. The duplex offers spacious living areas designed for comfort and style. Meticulously renovated to the highest standards, each unit of this duplex exudes modern luxury and sophistication. A unique feature of this property is the garage, offering potential for an Additional Dwelling Unit (ADU), providing versatility and added value to this already exceptional property. Whether you're looking for a luxurious residence or a savvy investment opportunity, this Hollywood duplex is sure to exceed your???????????????????????????????????????? expectations.
Charming Contemporary style 5-units apartment building in the prestigious and desirable location in Hollywood area! This two 5-buildings comprises of the front building with four two bedrooms, two bathrooms units and the rear building with one bedroom, one bathroom unit on the top of the 4-car garage/ storage and 5 assigned parking spaces in the open communal parking area. The units offer large living /dining area with bright kitchen with granite countertops and spacious breakfast area. Remodeled and very spacious 2 bedrooms with great views and two updated bathrooms. Easy access to 101 Freeway and close proximity to all the main shopping centers and restaurants and between Santa Monica Blvd and Sunset Blvd by Wilton and Western Ave. Great value. Enjoy the Hollywood Lifestyle and the views of Hollywood Sign!
Great opportunity in Hollywood! 8 Unit building being delivered with 5 vacant units. Or develop! Also the vacant lot next door is available. The two lots together are a great development site! All unit have the same configuration. Each unit is approximately 700 sf. There is a two call garage that can be rented separately. There is a community laundry room that is part of the garage structure.
Great 8 Unit Apartment building located in Hollywood! This building is an 1989 construction 8 unit apartment building with all units being 2 Bedroom and 2 Baths. This property is conveniently located near main Hollywood attractions, Paramount pictures, and many restaurants / shops when heading west on Melrose! Don't miss on out this great investment opportunity!
The MOST adorable restaurant setting/event space on a parcel shared by a duplex. You get all of it! If you know Hollywood, you know Grub and Hollywood's Hidden House. The restaurant/event space is 1,500 square feet plus al fresco dining which almost doubles the usable seating space to a total of sixty-four. This building was formerly used as a duplex, too. The space includes an area for a commercial kitchen, prep, wash station, two bathrooms, inside and outside (covered) storage, wait station, and office. Entitlements in hand include: ABC 41 License for the sale of beer and wine, ABC 58 license for alcohol sales through catering, Public Health Permit, CUP (Conditional Use Permit) from the City of Los Angeles for operating a restaurant in a residential zone, CUP for beer and wine sales, and a Police Commission Permit. The duplex is a separate building comprised of one unit up ($3,500/month actual rent), one unit down ($2,595/month actual rent), two bedrooms/one bath each. Just down the street from Rao's Hollywood, Starbucks, Osteria and Pizzeria Mozza in the middle of the Hollywood Media District! Perfect setup for success. Whether you want to be the next Jackson Market and Deli, Marie et Cie, or have your own new and vibrant idea -- this is your opportunity! ***Do not enter property or contact owners or tenants. Entry is restricted and subject to strict scheduling. Residential units may be inspected upon accepted offer.***
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90038 has a population of 3,902,440. Los Angeles 90038 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90038 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90038 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.