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1435 N Las Palmas Ave

Los Angeles, CA 90028
  • $1,895,000
  • STATUS: Active
  • ON SITE: 75 Days
  • MLS #: 22-134441
UPDATED: 133 min ago
$1,895,000
  • 8
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,844
    SQFT
  • $493
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1921
County:
Area:

School Ratings & Info

Description

Fully occupied Fourplex in a prime Hollywood location, just south of Sunset Blvd. Perfect opportunity for an investor looking to add a well-performing asset to their portfolio, while maintaining tremendous upside potential. Units are currently rented under-market at $2,195 and consists of 2 beds/2 baths at approximately 950-960 sq. ft. each. Units have been thoughtfully upgraded while maintaining charm and character throughout. Hardwood flooring, vintage hardware, open kitchens, private washer/dryers in each unit. Building upgrades include copper plumbing, newer electrical, and new roof. Parking behind the building with additional permit parking on the quiet street. Property is located in a very walkable area which is a big draw for tenants, boosting rental income. Close accessibility to a wide range of entertainment and media companies such as Paramount Studios, CBS Studios, and Netflix. The area is widely known to be densely populated with a great rental growth market and low vacancy rates.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/126610334
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1435 N Las Palmas Ave Los Angeles, CA 90028

  • Price: $1,895,000
  • Status: Active
  • On Site: 75 Days
  • Updated: 133 min ago
  • MLS #: 22-134441
8
Beds
0
Baths
0
½ Baths
0.12
Acres
3,844
SQFT
$493
$/SQFT
1921
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
Fully occupied Fourplex in a prime Hollywood location, just south of Sunset Blvd. Perfect opportunity for an investor looking to add a well-performing asset to their portfolio, while maintaining tremendous upside potential. Units are currently rented under-market at $2,195 and consists of 2 beds/2 baths at approximately 950-960 sq. ft. each. Units have been thoughtfully upgraded while maintaining charm and character throughout. Hardwood flooring, vintage hardware, open kitchens, private washer/dryers in each unit. Building upgrades include copper plumbing, newer electrical, and new roof. Parking behind the building with additional permit parking on the quiet street. Property is located in a very walkable area which is a big draw for tenants, boosting rental income. Close accessibility to a wide range of entertainment and media companies such as Paramount Studios, CBS Studios, and Netflix. The area is widely known to be densely populated with a great rental growth market and low vacancy rates.
Exterior Features

Lot Size Area 5095 Other Structures None Parking Garage Driveway GateAssigned Style Traditional Total Parking 8 View Description Tree Top View YN Yes

Interior Features

Baths Total 8.00 Cooling Wall/WindowCeiling Fan Equipment Built-InsDishwasherMicrowaveRefrigeratorRange/OvenDryerWasher Flooring Hardwood Heating Wall

Property Features

Assessed Total Value 1611485 Gross Income 105360 Gross Operating Income 0 Like Units1 4 Net Operating Income 105360.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Security Features Automatic GateGated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units 2+2 Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Jason Oppenheim DRE#01863254 of The Oppenheim Group.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T23:43:08.557. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270