Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
$3,850,000
We are pleased to present a twenty (20) unit apartment building located at 1734-1740 Taft Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Hollywood Boulevard and west of Western Avenue. Built in 1957 and 1958 respectively, this classic mid-century property is… Read More located in a prime Hollywood location, adjacent to the highly desirable Los Feliz neighborhood. Situated on a rare 18,224 SF double lot with two separate APNs, the property offers an excellent unit mix consisting of one (1) studio, fourteen (14) one-bedroom units, and five (5) two-bedroom units. This multifamily asset features an on-site laundry facility, full on-site covered parking, and is soft story retrofit exempt. This offering presents a unique opportunity to convert the existing carports into multiple ADUs (up to 16), dramatically increasing potential income. Some of the buildings' recent upgrades include a new roof on both buildings and new electrical subpanels and breakers in 1740. This legacy asset on the market for the first time in 50 years represents a rare and strategic investment opportunity in one of LA's most sought-after submarkets. Nestled in a prime Hollywood Location, this offering presents an excellent opportunity for an investor to capitalize on a classic Hollywood mid-century asset priced at only $192,500 per unit and $211 per SF for the land. Read Less
Listing Snapshot
Days Online
141
Last Updated
Property Type
Other
Beds
24
Square Ft.
14,029
Lot Size
0.42 Acres
Year Built
1957
MLS Number
25553309
30 Days Snapshot Of 90028
$1.18M
+65%
(avg) sold price
2
-60%
homes sold
117
+19%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1957, Building area total: 14,029, Levels: Two, Living area: 14029, 2 stories, 2 buildings
Income
Gross income: $342,769, Net operating income: $211,750
Lot
0.4184 acres, 18,224 square feet, Size: 18,224
Parking
Carport
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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