$ 5,095,000
-
$5,095,000
Price -
3
Bed -
4
Bath -
14,817
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CLW-L02710 - CLW-L09938
1627 N Poinsettia Place is a 20-unit situated in a prime Hollywood locationone of the most desirable rental submarkets in Los Angeles. Originally built in 1965, the three-story building spans approximately 14,817 square feet. The asset features an ideal unit mix consisting of: (2) Studio units, (14) One-Bedroom / One-Bath units, (4) Two-Bedroom / Two-Bath units. The majority of units are currently rented at below-market rates, presenting a classic value-add opportunity for investors seeking long-term upside through renovation and repositioning. Notable recent capital improvements include a new elevator system and upgraded master water heater, enhancing both reliability and tenant experience. One of the two bedroom units serves as a spacious, well-renovated owner's unit, while the on-site manager's studio unit will be delivered vacant at close of escrow, offering flexibility for new management or rental use. Additional property highlights include gated subterranean parking, a rare and desirable amenity in this dense urban area. This offering presents a unique opportunity for an astute multifamily investor to acquire a well-located, income-generating asset with significant upside potential in the heart of Hollywood.
Listing Highlights for 1627 N Poinsettia Pl
Status
Active
Days on Site
88
Property Type
Multi-Family
MLS ®
25551207
Year Built
1965
Total Square Footage
14,817
Lot/Acreage
0.19
County
Los Angeles
Area
C20 - Hollywood
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances: Dishwasher, Refrigerator
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 22
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Subterranean
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5548009033
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
1627 N Poinsettia Pl Los Angeles, CA 90046
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
