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$ 3,500,000
Est. payment /mo
New
1156 N Cahuenga BLVD Los Angeles, CA 90038
9,134 Sqft Lot
UPDATED:
01/16/2025 06:10 PM
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25010341
HOA Y/N No
Year Built 1957
Lot Size 9,134 Sqft
Property Description
This well-maintained property is located in the World-Renowned Hollywood Media District, offering a rare investment opportunity as it hits the market for the first time in over 50 years. With approximately 50% upside in rental income, this property presents significant potential for growth. Governed by the Los Angeles Rent Stabilization Ordinance (LARSO), it ensures compliance with local regulations while offering stability for long term investment. The desirable unit mix includes 14 one-bedroom units and 2 two-bedroom units, each thoughtfully designed with gas cooking, electric heating, hardwood and carpet flooring, and ceiling fans. The building also boasts excellent parking amenities, including twelve tuck-under spaces and two enclosed spots, which are invaluable in an area where parking is often scarce. This combination of prime location, upside potential, and tenant-friendly features makes the property an exceptional investment opportunity.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Fireplace No
Laundry Common Area
Exterior
Carport Spaces 14
Pool None
Community Features Sidewalks
Total Parking Spaces 14
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5533008001
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Listed by Christopher Walker • Triqor Group • [email protected]