$ 4,000,000
-
$4,000,000
Price -
7
Bed -
6
Bath -
6,296
SqFt
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About the Listing F2918009 - F207019536,SR207066403
We are proud to present a rare investment opportunity in the heart of Hollywood at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046. This property is a 6-unit apartment building, offering exceptional potential for redevelopment and expansion. Nestled on a spacious 9,681 square foot lot with LAR3 zoning, the property currently features a single building with a total rentable space of 6,296 square feet. Originally constructed with six separate apartments, the building showcases classic period architecture, providing a unique charm. With rents currently set below market, this property offers substantial "value-add" potential. Additionally, approved plans for a new development could increase the unit count to a total of 26, transforming the building into a modern masterpiece. This redevelopment would complement the neighboring sister building, offering a cohesive and contemporary aesthetic for the area. The current unit make-up is one 2-bedroom unit and five 1-bedroom units. All with one bathroom and laundry in each unit. There is a large garage in the back offering one stall per unit. Whether you're an investor looking for a property with significant upside or a developer seeking a prime location for a high-end residential project, this offering presents an exciting opportunity to capitalize on one of Los Angeles' most sought-after neighborhoods. Make this Hollywood gem your next investment!
Listing Highlights for 1351 N Alta Vista Boulevard
Status
Active
Days on Site
161
Property Type
Multi-Family
MLS ®
SR25068016
Year Built
1939
Total Square Footage
6,296
Lot/Acreage
0.22
County
Los Angeles
Area
C20 - Hollywood
Interior Details
- Bedrooms: 7
- Bathrooms: 6 Full
- Appliances: Free-Standing Range, Gas Oven, Gas Range, Gas Cooktop
- Air Cond: Wall/Window Unit(s)
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate,Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Crown Molding,Tile Counters
- Water: Public
Exterior Details
- Lot Description: Front Yard,Landscaped,Lawn,Level with Street,Lot 6500-9999,Rectangular Lot,Level,Near Public Transit,Park Nearby,Paved,Yard,No Land Lease
- Garage Capacity: 6 car
- Parking Spaces: 6
- Zoning: LAR3
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Assigned,Garage,Off Street,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5548020040
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
1351 N Alta Vista Boulevard Los Angeles, CA 90046
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