901 N El Centro Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$949,995 USD
818-355-2549
901 N El Centro Ave, Los Angeles, CA for Sale
$949,995 USD
Apartments - FOR SALE
1/21
null | 7% Cap Rate

901 N El Centro Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Centrally located in Hollywood
  • Individual casitas
  • Tenants pay trash, gas, electricity
  • Center of new construction buildings

OVERVIEW

Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. One will be delivered vacant at close, offering a rare opportunity for an owner-user or investor to lease at market rates — currently ranging from $1,600 to $1,900/month — or move in and enjoy the unbeatable location. Current rents total $4,737/month. Tenants are responsible for their own gas and electricity, while the building covers water and trash, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities.

FOR SALE DETAILS

PRICE

$949,995 USD

PRICE/SF

$361 USD /SF

# OF UNITS

5

PRICE/UNIT

$189,999

CAP RATE

7%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,065 SF

ZONING

LAR3

APN/PARCEL ID

5534-028-013

ASK ABOUT THIS PROPERTY

Rick VelasquezLRS Realty & Management, Inc.More Info
818-355-2549

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Rick VelasquezLRS Realty & Management, Inc.More Info
818-355-2549

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