| Price | $4,000,000 USD |
|---|---|
| Status | Active |
| Year Built | 1939 |
| Lot Size | 9,685 sqft |
| Source ID | SR25068016 |
| County | Los Angeles |
| Postal Code | 90046-4301 |
Cook Top Range, Dryer, Gas Appliances, Washer & Dryer.
Crown Molding, Tile Counter Tops.
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!
Last Updated: Apr 29, 2025 10:01 PM
To the fullest extent permissible pursuant to applicable law, this web site and the materials are provided on an "as is" and "as available" basis. LuxuryRealEstate.com expressly disclaims all warranties of any kind, whether expressed, implied, or statutory including, but not limited to, the implied warranties of merchantability, fitness for a particular purpose and non-infringement. We do not warrant that this web site or the materials are completely error free, will operate without interruption, are compatible with all equipment and software configurations, free of viruses, errors, or other harmful components, or will otherwise meet your needs.
