1952 S Holt Ave - Apartments FOR SALE


Los Angeles, CA 90034- Mid-City
$2,500,000 USD
310-940-8749
1952 S Holt Ave, Los Angeles, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/8
null | 5.48% Cap Rate

1952 S Holt Ave
Los Angeles, CA 90034
Mid-City


HIGHLIGHTS

  • 1952 S. Holt offers an opportunity to own a property that checks all the right boxes... location, favorable unit mix, and constant demand.
  • 1.2 miles from Pico and Robertson Blvd, featuring a diverse array of kosher restaurants, cafes, local shops, and other lifestyle conveniences.
  • Adjacent to Beverlywood, 2 miles from downtown Culver City, and minutes from the Wilshire/La Cienega Purple Line Metro Station.
  • Comprised of six units, with five of these units featuring three-bdrm, two-bath units (ideal for growing families or young professional roomates).
  • There is a VACANT 3-bdrm. unit and is offered at 12.20 GRM and 5.48% CAP on current rents.
  • 1952 S Holt is a rare opportunity to own a property that checks all the right boxes... location, size, layout, and demand.

OVERVIEW

Situated just south of Pico Blvd, 1952 S. Holt Ave presents an opportunity in the heart of Pico-Robertson, one of Los Angeles’ most consistently high-demand rental markets. The property is situated just 1.2 miles from the vibrant intersection of Pico and Robertson, featuring a diverse array of kosher restaurants, cafes, and local shops, placing tenants within easy reach of some of the neighborhood’s most desirable lifestyle conveniences. The location is also adjacent to Beverlywood, two miles from Culver City’s dynamic downtown corridor, and just minutes from the forthcoming Purple Line station at Wilshire and La Cienega, providing easy access to the Westside and DTLA. The property comprises six total units, with five of these units featuring spacious three-bdrm, two-bath layouts; an ideal floorplan mix for accommodating roommates, growing families, or working professionals who require extra space. Please note, ONE OF THE THREE-BDRM. UNITS IS VACANT. The remaining unit is a studio. Recent renovations have refreshed select units with wood-laminate floors, quartz countertops, stainless steel appliances, ceiling fans, and upgraded cabinetry. Several units enjoy the bonus of balconies or private outdoor patios. The property is priced at 12.20 GRM and 5.48% CAP on current rents, which includes a VACANT 3-BDRM. unit. Amenities include a secure gated entrance, soft-story retrofit compliance (buyer to verify), and approx. 5 covered parking spaces. 1952 S. Holt offers an opportunity to own a property that checks all the right boxes... location, favorable unit mix, and constant demand.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

6

PRICE/UNIT

$416,667

CAP RATE

5.48%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Units @ 12.2 GRM | (5) 3+2 & (1) 0+1

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

LARD1.5

APN/PARCEL ID

4302-028-016

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-940-8749

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Kenny StevensCompassMore Info
310-940-8749

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