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Marketing Description
Kidder Mathews is proud to present 1331 N. Alta Vista Boulevard, an exceptional opportunity to acquire a significant value-add multifamily asset in the Hollywood submarket of Los Angeles, just steps from the border of West Hollywood.
The two-story, 16-unit character building features a mix of 6 large singles and 10 smaller single units, secured entry, and lush landscaping. The efficiently sized units cater to tenants seeking excellent affordability in a prime, high-demand Hollywood location. The building exudes vintage character, highlighted by a charming interior entryway, original crown moldings, paned doors and windows, and classic Murphy bed closets. This architectural appeal presents an incredible value-add opportunity for a new owner to immediately implement a strategic unit renovation program and refresh common areas to capture significant rent premiums. A rare and invaluable differentiator for this vintage property are the on-site carports. This parking component offers multiple revenue streams, including immediate ancillary income from separately charging tenants, and the potential for multiple ADU conversions to exponentially increase unit count and cash flow. The property is currently master metered for utilities.
Nestled on a quiet, tree-lined street, 1331 N Alta Vista Boulevard offers a rare blend of residential tranquility and unbeatable urban access in the heart of Hollywood. This prime location is bordered by Santa Monica Boulevard to the south and Sunset Boulevard to the north, positioning the property perfectly between the cultural landmarks of
Hollywood and the chic dining and nightlife of West Hollywood. Recreation is readily accessible, as the location is minutes from the hiking trails and sweeping city views of Runyon Canyon Park, making an evening workout or weekend adventure effortless. The address is situated moments from iconic Hollywood destinations like the Grauman's Chinese Theatre, the Walk of Fame, and premier comedy venues. Beyond entertainment, residents can enjoy the high-end retail of the Sunset Strip and the trendy cafes and eateries along Fairfax Avenue, with close proximity to grocery stores ensuring daily errands are a breeze. With easy access to major thoroughfares like the 101 Freeway and Hollywood Boulevard, commuting to the studios, Downtown LA, or Beverly Hills is streamlined, providing the ultimate gateway to the sophisticated, connected, and endlessly entertaining lifestyle that only Central Los Angeles can offer.
Hollywood has long been recognized throughout the world as the historical center of the entertainment industry.
In addition to its large base of entertainment facilities, including major studios, television stations, numerous independent studios, radio stations, record companies, and post-production companies, Hollywood also serves as a strategic central location relative to the entertainment concentrations throughout the Westside and the San Fernando Valley.
Now far more than just a hub of the entertainment industry, Hollywood is undergoing a wave of redevelopment that includes significant expansions in housing, retail, hospitality, recreation, and transit, making it one of the largest urban infill redevelopment zones in the country.
Bounded roughly by Melrose Avenue to the south, West Hollywood to the west, the Hollywood Hills to the north, and Silver Lake to the east, Hollywood has over 60 new and upcoming developments in the pipeline. The area's central location, expanded transit and access options, world-class entertainment and nightlight, and the expansion of companies migrating to the area all serve to drive additional demand for development.
Investment Highlights
- Prime Hollywood Location steps from the West Hollywood
- Vintage character and appeal
- Smaller units offering compelling value to renters
- Strong in-place rents with remaining upside
- On-site parking with ADU potential
- Exceptional urban access to nightlife, dining and entertainment
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