1111 Holt Ave - Apartments FOR SALE


Los Angeles, CA 90035- Pico-Robertson
$1,850,000 USD
818-212-2784
1111 Holt Ave, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/13
null | 4.87% Cap Rate

1111 Holt Ave
Los Angeles, CA 90035
Pico-Robertson


HIGHLIGHTS

  • First Time for Sale in 35 Years!
  • 6 Unit Apartment Building – 1953 Construction- Seismic Retrofit Completed
  • Coveted Beverlywood / Pico-Robertson Location
  • Many Units with a Balcony or Patio
  • Significant Upside in Rents
  • On-Site Laundry and 9 Parking Spaces

OVERVIEW

The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 1111 S Holt Ave, a 6-unit apartment building ideally located in the coveted Beverlywood / Pico-Robertson neighborhood of Los Angeles, CA. Built in 1953, the property consists of five (5) one-bedroom + one-bathroom units and one (1) two-bedroom + two-bathroom unit. The building totals approximately 4,630 gross square feet and is situated on a 6,399 square foot lot. 1111 S Holt Ave is nestled on a quiet residential street in one of Los Angeles’ most desirable and supply constrained rental markets. Residents enjoy close proximity to premier shopping, dining, and cultural destinations including Century City, Beverly Hills, and the Pico-Robertson corridor. The neighborhood provides excellent connectivity throughout the Westside and greater Los Angeles via Pico Blvd, La Cienega Blvd, and the nearby 10 Freeway. This prime location combines accessibility with a vibrant community atmosphere, appealing to both professionals and families alike. 1111 S Holt Ave represents a rare value-add opportunity for investors, with significant rental upside potential in a strong, centrally located submarket. The property offers a solid initial return with the ability to increase income through unit renovations and turnover, making it an attractive long-term investment.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,333

CAP RATE

4.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

4332-023-018

ASK ABOUT THIS PROPERTY

Michael StermanMarcus & MillichapMore Info
818-212-2784

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Michael StermanMarcus & MillichapMore Info
818-212-2784

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