1037 S Holt Ave - Apartments FOR SALE


Los Angeles, CA 90035- Pico-Robertson
$2,100,000 USD
310-979-4990
1037 S Holt Ave, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/12
null | 4.82% Cap Rate

1037 S Holt Ave
Los Angeles, CA 90035
Pico-Robertson


HIGHLIGHTS

  • 6 Units in great area
  • Perfect Unit Mix: Three 1+1’s, Two 2+2’s & One 2+1
  • Pride of Ownership Building
  • 4.82 Cap, 12.53 GRM and $394/foot
  • EQ Retrofitting completed in 2022

OVERVIEW

1037 S. Holt Avenue presents an opportunity to acquire a well-maintained six-unit multi-family asset in the heart of Pico-Robertson, one of Los Angeles’ most desirable and centrally located rental neighborhoods. One 1-bedroom, 1-bath unit will be delivered vacant at the close of escrow, while the remaining five occupied units provide immediate cash flow and a more favorable path to financing with in-place income. When projecting the vacant unit at market rent (post-renovation), the asset is estimated to operate at an approximate 4.82% CAP rate and 12.53 GRM, highlighting its solid current performance. With full stabilization, the property offers strong upside potential with a projected 6.70% CAP rate and 10.00 GRM. The 5,330 square foot building sits on a 6,641 square foot lot and features a desirable unit mix of three 1-bedroom + 1-bath units, one 2-bedroom + 1-bath unit, and two 2-bedroom + 2-bath units, providing broad tenant appeal and strong rentability. The property includes six on-site parking spaces and has completed its seismic retrofit. Located in the Pico-Robertson neighborhood, 1037 S. Holt Avenue offers residents exceptional access to major employment and lifestyle centers including Beverly Hills, Century City, Culver City, and West Hollywood. The neighborhood is known for its walkable atmosphere, diverse dining options, and convenient proximity to transit and major thoroughfares, making it one of the most consistently sought-after rental markets in Los Angeles.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

6

PRICE/UNIT

$350,000

CAP RATE

4.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,730 SF

ZONING

LAR3

APN/PARCEL ID

4332-024-013

ASK ABOUT THIS PROPERTY

Eric SacklerColdwell Banker Commercial RealtyMore Info
310-979-4990

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Eric SacklerColdwell Banker Commercial RealtyMore Info
310-979-4990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.