1539 Gordon St - Multi-Family FOR SALE


Los Angeles, CA 90028- Hollywood
$1,499,000 USD
310-202-9166
1539 Gordon St, Los Angeles, CA for Sale
$1,499,000 USD
Multi-Family - FOR SALE
1/8
null | 2.35% Cap Rate

1539 Gordon St
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • 6,605 SF Development lot in prime Hollywood
  • Zoned: (Q) LAR4-1VL-CPIO
  • Existing duplex with a front 3 BR + 2 Bath & back 2 BR + 2 Bath unit
  • Separate Garage on lot - Potential ADU
  • Potential to build apartments, condos or a small lot subdivision project
  • Excellent Hollywood location. - North of Sunset, south of Hollywood Blvd. & west of Bronson Ave.

OVERVIEW

539 Gordon Ave is a well maintained duplex on a large 6,505 SF lot in one of Hollywood's most coveted locations. The property is well positioned on Gordon Street between the iconic Sunset Strip and Hollywood Boulevard. The duplex comprises a front unit with 3 bedrooms and 2 bathrooms, complemented by a well-appointed rear unit featuring 2 bedrooms and 2 bathrooms. Current rental income for the front unit is $2,902 monthly and the rear unit is receiving $2,277 a month in rent. The large 6,605 SF lot which is zoned (Q) LAR4 presents extraordinary development opportunities. Developers can capitalize on multiple possibilities such as new multi-family construction, small lot subdivisions or ED1 projects. Whether you're a developer, investor, or owner-occupant, 539 Gordon Street delivers multiple pathways to success. Owner-occupiers can residence in one unit while generating rental income from the other to offset mortgage obligations. Additionally, the mid-lot garage presents compelling potential for ADU conversion, further enhancing income opportunities.

FOR SALE DETAILS

PRICE

$1,499,000 USD

PRICE/SF

$778 USD /SF

# OF UNITS

2

PRICE/UNIT

$749,500

CAP RATE

2.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1539 Gordon St., LA 90028

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,605 SF

ZONING

(Q) LAR4

APN/PARCEL ID

5545-007-022

ASK ABOUT THIS PROPERTY

Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

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

Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

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