1131 Lodi Pl - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,250,000 USD
718-406-3128
1131 Lodi Pl, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/10
null | 5.84% Cap Rate

1131 Lodi Pl
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Attractive Basis Below Replacement Cost
  • Desirable 9-Unit Mix in a High-Demand Rental Market
  • Vintage 1927 Character with Repositioning Appeal
  • Prime Hollywood Location Near Major Demand Drivers

OVERVIEW

Prime Hollywood Character Asset Below Replacement Cost! Offered at $2,250,000, 1131-33 Lodi Pl represents an incredibly compelling acquisition basis at approximately $250,000 per unit and $247.93 per square foot. Built in 1927, this vintage 9-unit property boasts classic architectural character that stands out from generic inventory, providing an excellent repositioning opportunity to blend historic charm with modern upgrades. The building features a highly desirable rental mix of three 1-bedroom/1-bath units and six large 2-bedroom/1-bath units perfectly aligned with current tenant demand. Situated in a prime, high-demand Hollywood location, the property benefits from immediate proximity to major employment hubs, legendary entertainment destinations, premier retail corridors, and vibrant neighborhood amenities. With rising construction costs and limited local development opportunities, this asset offers investors reduced supply risk and strong, long-term rental growth upside.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

9

PRICE/UNIT

$250,000

CAP RATE

5.84%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD1.5

APN/PARCEL ID

5534-007-018

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

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Sam LiberowMarcus & MillichapMore Info
718-406-3128

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