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28292905
28292911

1435 N Las Palmas Ave, Los Angeles, CA 90028

DV
CA 01816119
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$1,575,000
199 days on market
Updated 57 days ago

Charming Fourplex near Hollywood/Highland!

Details
APN 5547-022-015
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,844
Units 4
NOI $76,046
Occupancy 100%
Price per SqFt $410
Broker Co-Op Yes
Year Built 1921
Buildings 1
Stories 2
Lot Size (SqFt) 5,151
Parking Spaces 8 spaces
Parking Per SqFt 2.08

Multifamily | 4 Units | Motivated Seller!

Marketing description

Price Reduction #2- Motivated Seller! Call for Offers Deadline: Wednesday, March 25th, 3:00PM. Seller has identified a replacement property for a 1031 exchange and will consider all serious offers, especially for buyers who can close quickly with strong terms. We are pleased to present 1435 N Las Palmas Ave, a beautifully remodeled 4-plex offering an incredible investment opportunity in Prime Central Hollywood. With a total square footage of 3,844 situated on a 5,150 square feet lot zoned RD1.5-1XL, these four spacious units consist of Two bedroom / Two bathroom units which also offer in-unit laundry, wood flooring, brand new plumbing, a new roof, modern electrical systems, and extensive renovations to both the kitchens and bathrooms. All units are individually metered for both gas and electricity.

Nestled in the vibrant heart of Hollywood, this property offers unparalleled access to the city's most iconic attractions. You’re minutes away from the Hollywood Walk of Fame, TCL Chinese Theatre, and the bustling Hollywood & Highland Center. With a walk score of 91, you have easy access to nearby parks and recreation areas, including Griffith Park and Runyon Canyon, This property also has excellent public transportation links with proximity to the Hollywood/Vine Metro station making commuting a breeze. This unbeatable location is in Los Angeles’s most dynamic and sought after neighborhood.

Investment highlights

  • CALL FOR OFFERS - 3:00PM, WEDNESDAY, MARCH 25TH | MOTIVATED SELLER!

  • Beautifully Remodeled 4-Plex in Central Hollywood

  • Renovations Include: Wood Floors, In-Unit Laundry, Newer Roof & Plumbing, Updated Kitchens and Bathrooms

  • Excellent Unit Mix - 4 (2BR + 2BA) Units

  • Unparalleled Access to The City's Most Iconic Attractions, Lifestyle Amenities & Top Employers

  • 8 Tandem Parking Spaces

  • Potential for ADU Additions (Buyer to Verify)

  • Approximately 3 Blocks from Hollywood & Highland!

  • Centrally Located with a Walk Score of 96--Deemed a Walker's Paradise!

Listing Contacts

DV
CA 01816119
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$76,046.00
$6,337.17/mo

Valuation Metrics

0
DSCR
4.83%
Cap Rate
4.83%
ROI

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Additional Information

Name
Derrick Vartanian
License
01816119
Brokerage
Lyon Stahl Investment Real Estate, Inc.
Title
First Vice President
Brokerage Address
2029 Century Park East
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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