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1435 N Las Palmas Ave

Los Angeles, CA 90028
  • $1,895,000
  • STATUS: Active
  • ON SITE: 74 Days
  • ID#: 21-768678
UPDATED: 58 min ago
$1,895,000
  • 8
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,844
    SQFT
  • $493
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1921
County:
Area:

School Ratings & Info

Description

We are pleased to present 1435 N Las Palmas Ave., Los Angeles, CA 90028. This investment is a perfect fit for an investor looking to add a solid asset to their portfolio. The property is 100% occupied with tremendous upside potential! This Fourplex consists of 2+2 units and is approximately 3,844 SF situated on an estimated 5,150 SF lot. The property is in a desirable neighborhood of Hollywood, located just south of Sunset Boulevard. The property is in a very walkable area which is a big draw for tenants and boosting rental income. The area is widely known to be densely populated, great rental growth market with extremely low vacancy rates. It also supports one of the most robust employment centers in the Los Angeles MSA and offers close accessibility to a wide range of entertainment and media companies such as Paramount Studios, CBS Studios, and Netflix. Fully-occupied. PLEASE DO NOT DISTURB TENANTS.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-18T18:42:54.81. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.randyplaice.com/homes/120068520
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1435 N Las Palmas Ave Los Angeles, CA 90028

  • Price: $1,895,000
  • Status: Active
  • Updated: 58 min ago
  • ID#: 21-768678
8
Beds
0
Baths
0
½ Baths
0.12
Acres
3,844
SQFT
$493
$/SQFT
1921
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
We are pleased to present 1435 N Las Palmas Ave., Los Angeles, CA 90028. This investment is a perfect fit for an investor looking to add a solid asset to their portfolio. The property is 100% occupied with tremendous upside potential! This Fourplex consists of 2+2 units and is approximately 3,844 SF situated on an estimated 5,150 SF lot. The property is in a desirable neighborhood of Hollywood, located just south of Sunset Boulevard. The property is in a very walkable area which is a big draw for tenants and boosting rental income. The area is widely known to be densely populated, great rental growth market with extremely low vacancy rates. It also supports one of the most robust employment centers in the Los Angeles MSA and offers close accessibility to a wide range of entertainment and media companies such as Paramount Studios, CBS Studios, and Netflix. Fully-occupied. PLEASE DO NOT DISTURB TENANTS.
Exterior Features

Lot Size Area 5151 Other Structures None Parking Garage None Total Parking 8

Interior Features

Baths Total 8.00 Common Walls Attached Cooling Wall/Window Equipment WasherRefrigeratorRange/OvenDryer Heating Wall

Property Features

Assessed Total Value 1594962 Gross Income 134400 Gross Operating Income 130368 Like Units1 4 Net Operating Income 88269.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN Yes Sale Type Standard Security Features LeasedGatedCarbon Monoxide Detector(S)Smoke Detector Source Living Area Estimated Source Lot Size Area Estimated Total Annual Expense 42100 Type Of Units 2+2 Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Joshua L Barre DRE#01222605 of Westside Property Management Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-18T18:42:54.81. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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