1627 N Poinsettia Pl - Apartments FOR SALE


Los Angeles, CA 90046- Hollywood
$5,100,000 USD
310-300-3180
1627 N Poinsettia Pl, Los Angeles, CA for Sale
$5,100,000 USD
Apartments - FOR SALE
1/23
null | 5.07% Cap Rate

1627 N Poinsettia Pl
Los Angeles, CA 90046
Hollywood


HIGHLIGHTS

  • Premier Hollywood Infill Location
  • 20-Unit Value-Add Asset | Diverse Unit-Mix | Unit Mix: 2 Bachelors, 15 One-Bedrooms, 3 Two-Bedrooms
  • 37%+ Rental Upside Through Renovations & Turnovers
  • New Elevator & 24 On-Site Parking Spaces
  • Attractive Price-Per-Unit For Core Los Angeles Multifamily
  • 14,817 SF Building On 8,436 SF Lot

OVERVIEW

Elijah Suval and Daniel Hirth of The Hirth Group have been exclusively selected to market for sale 1627 N Poinsettia Pl, Los Angeles, CA 90046 – a 20-unit apartment building consisting of approximately 14,817 SF of building on an estimated 8,436 SF lot. Built in 1965 and zoned LAR3, the property features a newly installed elevator and 24 subterranean parking spaces, offering security and convenience. With over 37% rental upside, this asset presents a compelling value-add opportunity through strategic renovations and unit turnovers. The property offers a low price per unit and represents a rare chance to acquire a deep-value, stabilized asset in an irreplaceable West Hollywood location with Los Angeles City jurisdiction. 1627 N Poinsettia Pl, Los Angeles, CA 90046 is positioned in the heart of Hollywood, surrounded by dense residential neighborhoods and a strong rental base driven by the entertainment, technology, and creative industries. The area offers walkable access to Sunset Boulevard, Hollywood & Highland, and Runyon Canyon, along with close proximity to major employment hubs including Netflix, Sunset Gower Studios, and ViacomCBS. Residents benefit from nearby neighborhood amenities such as Trader Joe’s, Ralphs, LA Fitness, and numerous restaurants, cafés, and boutiques throughout West Hollywood and Sunset Plaza. This highly sought-after infill location continues to see long-term demand from renters seeking urban living, walkability, and lifestyle convenience.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

20

PRICE/UNIT

$255,000

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Point Villas

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LAR3

APN/PARCEL ID

5548-009-033

ASK ABOUT THIS PROPERTY

Elijah SuvalThe Hirth Group-KW CommercialMore Info
310-300-3180

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Elijah SuvalThe Hirth Group-KW CommercialMore Info
310-300-3180

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