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1008 N El Centro Avenue, Los Angeles, CA

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1008 N El Centro Avenue

Los Angeles, CA 90038-2804 - Hollywood MF Submarket

Property Type:Multi-Family Number of Units:29 Status:Existing Year Built:1929
Stories:2 Building Size:15,840 SF Land Area:.28 AC (12,018 SF)
For Sale Price:$4,750,000 Price/Unit:$163,793.10 Cap Rate:3.51 % GRM:-

Parking:.1 Parking Spaces / 1,000 SF

Property Description: 29 APARTMENT UNITS

Sale Notes:

The Subject Property for Sale is a 29 Unit Character Apartment Building located in Hollywood. The unit mix consists of 28 singles and one large 1 bedroom apartment. Rents have significant upside (+/-40%) which can be obtained by unit turnover and renovations to the building. Numerous other properties on the street have done such a renovation and are experiencing high rental growth. Pool on site.

Located in Hollywood between Santa Monica Blvd and Melrose. Within close proximity to the center of Hollywood, Paramount Studios and Larchmont Village.

Commercial Asset Group (CAG)
David Ashkenasy
(310) 275-8222

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