1545 Gordon St - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$4,200,000 USD
949-308-5775
1545 Gordon St, Los Angeles, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/20
null | 4.16% Cap Rate

1545 Gordon St
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Sold Individually or as a Portfolio!
  • Value Add w/ almost 35% Upside in Rents.
  • Pride of Ownership Building in Hollywood.
  • Underground Parking w/ Secure Access.

OVERVIEW

1545 Gordon Street is a well-maintained 16-unit multifamily property located in the heart of Hollywood, one of Los Angeles’ most vibrant andrapidly evolving neighborhoods. Built in 1965, this two-story courtyard-style apartment complex totals approximately 14,502 square feet andoffers an ideal unit mix of (9) one-bed/one-bath and (7) two-bed/two-bath units—providing a balanced income stream and strong tenant appeal.Positioned on a 13,017 SF lot zoned LA-R4, the property features 25 secure underground garage parking spaces, a highly sought-after amenity in this dense urban submarket. Recent capital improvements—including newer windows, a new boiler, fresh exterior paint and doors, and upgraded stairways—enhance the property’s curb appeal while minimizing future maintenance costs. Additional amenities include private balconies, a coin-operated laundry room, automated entry gates, and a modern intercom and camera security system for enhanced resident safety. Just steps fromSunset Boulevard and surrounded by major developments, entertainment studios, and cultural landmarks, 1545 Gordon Street offers investors a rare opportunity to acquire a stabilized asset with both immediate income and long-term value-add potential in one of LA’s most iconic rental markets. Walking Distance to Sunset Blvd, Near Major Developments & Landmarks. This is part of the Hollywood Collection offering and can be purchased individually or together with 5923 & 5947 Carlton Way.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

16

PRICE/UNIT

$262,500

CAP RATE

4.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16 Units in Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,021 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5545-007-049

ASK ABOUT THIS PROPERTY

Brian NohNOHCO Real EstateMore Info
949-308-5775

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Brian NohNOHCO Real EstateMore Info
949-308-5775

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