1135-1137 Lodi Pl - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,695,000 USD
818-380-5294
1135-1137 Lodi Pl, Los Angeles, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/15
null | 6.64% Cap Rate

1135-1137 Lodi Pl
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Charming Spanish-style property built in 1924
  • Ten (10) studio units positioned across a landscaped central courtyard
  • 3,600 SF of rentable living space on a 6,765 SF LARD1.5-zoned lot
  • Gated property offering extra security and on-site laundry room
  • Separately metered for gas and electricity & deemed a "Walkers Paradise" with a score of 95
  • Located near Santa Monica Blvd & Vine St surrounded by major employments hubs like Paramount, Netflix, and Sunset Bronson Studios

OVERVIEW

1135 Lodi Place is a charming Spanish-style multifamily property located in the heart of Hollywood. Built in 1924, the single-story building consists of ten (10) studio units totaling approximately 3,600 square feet of living space on a 6,765 square foot LARD1.5-zoned lot. The property features ten (10) units situated on each side of a landscaped central courtyard that creates a quiet and inviting residential atmosphere. The gated property offers classic Hollywood character with abundant natural light, hardwood flooring, ceiling fans, and unique interior details including built-in dining nooks and fireplace mantles. 1135 Lodi Place is separately metered for gas and electricity and features an on-site laundry room. 1135 Lodi Pl is located in Prime Hollywood near Santa Monica Blvd & Vine St! Deemed a “Walker’s Paradise” with a Walk Score of 95, residents enjoy exceptional access to daily conveniences, dining, and entertainment. The property is surrounded by some of Los Angeles’ most prominent employment hubs, including Paramount Pictures Studios, Netflix’s Hollywood campus, Sunset Bronson Studios, and a wide concentration of post-production houses and media offices throughout the area. Additionally, the property benefits from close proximity to major healthcare employers such as Kaiser Permanente Los Angeles Medical Center and Hollywood Presbyterian Medical Center. Less than one mile away, the new Echelon Studios Complex is set to bring approximately 550,000 square feet of new production studio, office, and retail space set to open this year! Residents also enjoy easy access to the most popular restaurants of the area such as Osteria La Buca, Dave’s Hot Chicken, La Descarga, and Great White. The property is located within the city of Los Angeles and subject to Rent Control.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$416 USD /SF

# OF UNITS

10

PRICE/UNIT

$169,500

CAP RATE

6.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD1.5

APN/PARCEL ID

5534-007-019

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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