1352 N Las Palmas Ave - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$2,635,000 USD
213-305-9026
1352 N Las Palmas Ave, Los Angeles, CA for Sale
$2,635,000 USD
Apartments - FOR SALE
1/8
null | 6.1% Cap Rate

1352 N Las Palmas Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Center of Hollywood - Adj. to Numerous New Developments ... Cross Roads of the World, Sunset/La Brea, Sunset & Highland
  • Value-Opportunity via ADU Potential, Improved Operations, RUBS
  • Long-Term Ownership - Significant Delta from Existing to Market Rents
  • Parking for 13 Vehicles and Onsite Laundry
  • Transit Oriented Location - Walk Score of 96
  • Hollywood Continues to Demonstrate Strong Rent Demand & Stable Occupancy

OVERVIEW

KW Commercial is pleased to present 1352 N Las Palmas Avenue, Los Angeles, CA 90028, located near the corner of Highland Avenue and Sunset Blvd. in Hollywood. The offering is a 12-unit investment opportunity in a neighborhood known for strong, stable rents and low vacancies. The location is perfectly positioned in Hollywood (90028), where multifamily investments have historically delivered exceptional long-term capital appreciation and wealth preservation. Built in 1957, 1352 N Las Palmas Avenue boasts a total building square footage of 7,353 SF of improvements on a 7,648 SF parcel. The unit composition consists of eleven (11) One-Bed / One-Bath units and one (1) Two-Bed / One Bath apartment unit. Over the years, ownership has overseen the updating of +/- 7 units. Unit upgrades include new attractive flooring, new stylish fixtures, and updated bathrooms and kitchen. Parking is provided for 13 vehicles, with five spaces in the rear and eight in the front, in a tandem configuration. Additionally, ownership has completed the LA City-mandated soft-story retrofit. 1352 N Las Palmas Avenue offers an on-site laundry room for building tenants. The property is individually metered for gas and electricity, keeping owner expenses low. The asset is located close to world-class dining, shopping, entertainment, and nightlife. Conveniently located to West Hollywood, Beverly Hills, and Downtown LA, it further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. Additionally, there is a significant affordability gap to home ownership within the 90028 zip code, with the median single-family residence selling for more than $923,000 in 2026. 1352 North Las Palmas Avenue has a Walk Score of 96 out of 100. This location is a Walker’s Paradise so daily errands do not require a car. 1352 North Las Palmas Avenue is a nine-minute walk from the Metro B Line (Red) at the Hollywood / Highland Station stop. Given the property’s prime location and significant value-add component, the offering provides an opportunity for outstanding long-term income growth and capital preservation.

FOR SALE DETAILS

PRICE

$2,635,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

12

PRICE/UNIT

$219,583

CAP RATE

6.1%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units | Hollywood | Value Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RD1.5

APN/PARCEL ID

5547-031-013

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
213-305-9026

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Rich JohnsKW CommercialMore Info
213-305-9026

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