1623-1627 Hillhurst Ave - Apartments FOR SALE


Los Angeles, CA 90027- Los Feliz
$2,040,000 USD
310-592-7067
1623-1627 Hillhurst Ave, Los Angeles, CA for Sale
$2,040,000 USD
Apartments - FOR SALE
1/12
null | 5.03% Cap Rate

1623-1627 Hillhurst Ave
Los Angeles, CA 90027
Los Feliz


HIGHLIGHTS

  • Quality 90027 Location
  • Art Deco Style
  • Old World Construction and Charm

OVERVIEW

Built in 1938, this Art Deco gem provides the feel of the old world within the reach of our modern times. This unique multifamily property has 7 total units, 6 apartments and 1 commercial space. Each unit has a front and rear entrance with parking in the rear of the lot. These units have the sense of a home much more so than an average apartment. The hardwood floors and period accents provide a pleasant and comfortable environment in which to live. These factors contribute greatly to the stable collection history of the building. It is located in the Los Feliz area (90027 zip code) of Los Angeles. This is one of the more sought after locations within the city in which to live. It is centrally situated in the heart of our great metropolis! As a practical matter, Los Feliz (90027) is near DTLA, Hollywood, Mid-Wilshire, Griffith Park, Studio City and Glendale/Burbank. It lays in close proximity to several major motion picture studios and Children's Hospital, Los Angeles. The streets in this area are jam packed with restaurants, clubs, bars and night-life! Its closeness to Griffith Park, Los Angeles area sky scrappers, Dodger Stadium & Silverlake remain a central draw for its residents. The location is surrounded by a multitude of employers in almost every conceivable industry which makes this a great choice for young and mature tenants alike. These factors set the stage for the incredible demand for housing which contributes greatly to the true housing supply imbalance. Parking is accessed through an easement right from the neighboring property to the south. The OM may be accessed via the document section on the LoopNet Profile. Please do not disturb tenants or walk on the property. Lot size and building square footage figures are taken from the Los Angeles County Assessor, broker does not guarantee the accuracy of this information. Please call the listing agent for more information.

FOR SALE DETAILS

PRICE

$2,040,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

7

PRICE/UNIT

$291,429

CAP RATE

5.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,296 SF

ZONING

LARD1.5-1XL

APN/PARCEL ID

5542-003-008

ASK ABOUT THIS PROPERTY

Jim GilbLee & AssociatesMore Info
310-592-7067

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Jim GilbLee & AssociatesMore Info
310-592-7067

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