1331 N Alta Vista Blvd - Apartments FOR SALE


Los Angeles, CA 90046- Hollywood
$3,200,000 USD
818-201-4583
1331 N Alta Vista Blvd, Los Angeles, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/11
null | 5.02% Cap Rate

1331 N Alta Vista Blvd
Los Angeles, CA 90046
Hollywood


HIGHLIGHTS

  • Prime Hollywood location steps from West Hollywood
  • Vintage character and appeal
  • Smaller units offering compelling value to renters
  • Strong in-place rents with remaining upside
  • On-site parking with ADU potential
  • Exceptional urban access to nightlife, dining and entertainment

OVERVIEW

Kidder Mathews is proud to present 1331 N. Alta Vista Boulevard, an exceptional value-add multifamily asset comprising 16 vintage units in the high-demand Hollywood submarket, situated just steps from West Hollywood. This two-story character building features 6 large and 10 smaller singles with secured entry and charming original details, presenting an immediate opportunity for a new owner to implement a strategic renovation program to capture significant rent premiums. A rare and invaluable differentiator is the on-site carport parking, which offers multiple revenue streams, including ancillary income and the potential for multiple ADU conversions to exponentially increase cash flow. Nestled on a quiet street between Santa Monica and Sunset Boulevards, the property provides residents with a rare blend of residential tranquility and unbeatable access to the chic dining, nightlife, and retail of West Hollywood and the cultural landmarks of Hollywood, including proximity to Runyon Canyon Park and major commuting thoroughfares.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

16

PRICE/UNIT

$200,000

CAP RATE

5.02%

% 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

1941

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R4-1, Los Angeles

APN/PARCEL ID

5548-020-042

ASK ABOUT THIS PROPERTY

Bryan GlennKidder MathewsMore Info
818-201-4583

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Bryan GlennKidder MathewsMore Info
818-201-4583

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