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Listed by Todd Jones • Rodeo Realty
$ 4,000,000
Est. payment /mo
Active
1351 N Alta Vista BLD Los Angeles, CA 90046
9,685 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25068016
Style French
Originating Board California Regional MLS
Year Built 1939
Lot Size 9,685 Sqft
Property Description
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 exciti
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Other, Oven Range - Gas, Oven Range, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Other, Washer, Stacked Only, Dryer
Exterior
Parking Features Assigned Spaces, Private / Exclusive, Garage, Off-Street Parking
Garage Spaces 6.0
Pool 31, None
View None
Roof Type Shingle
Building
Lot Description Grade - Level, Paved
Foundation Concrete Slab
Water District - Public
Architectural Style French
Others
Tax ID 5548020040
Special Listing Condition Not Applicable
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