Property listed by Coldwell Banker Realty, Eric Sackler 310-820-6651
$2,300,000
1043 S. Holt Avenue presents a rare opportunity to acquire a well-maintained six-unit multi-family asset in the heart of Pico Robertson, one of Los Angeles's most desirable and centrally located rental neighborhoods. Priced at $2,300,000, the property offers both immediate occupancy flexibility andstrong investment fundamentals. Four units will be delivered… Read More vacant at close of escrow, including a spacious 3-bedroom, 2-bath owner's unit, ideal for an owner-user or investor seeking to maximize rentalincome and long-term appreciation. Once vacant units stabilizes, the asset is projected to operate at anapproximate 6.0 % CAP rate and 11.14 GRM, highlighting both its solid current performance and futureincome growth potential with proforma CAP rate 7.14% and 9.83 GRM! Originally constructed in 1956 and offered for the first time by the original builder's family, thislegacy property combines mid-century character with a proven income profile. The 5,524-square-footbuilding sits on a 6,381-square-foot lot and features a desirable unit mix of four 1-bedroom + 1-bathunits, one 2-bedroom + 2-bath unit, and one 3-bedroom + 2-bath unit, an ideal configuration forbroad tenant appeal and strong rentability. Seismic retrofit plans have already been approved by the City and will be included in the sale, providing a clear path to compliance for the next owner. Located in the Pico Robertson district, 1043 S. Holt Avenue offers residents exceptional access tomajor employment and lifestyle centers including Beverly Hills, Century City, Culver City, and WestHollywood. The neighborhood is known for its walkable community atmosphere, diverse dining scene,and convenient proximity to transit and major thoroughfares, making it one of the most consistentlysought-after rental markets in Los Angeles.1043 S. Holt Avenue represents a rare opportunity to acquire a well-located, generational West Los Angeles asset with multiple avenues for future growth. The property is being presented in as-is condition, with two tenants currently in place and 4 vacant units! Read Less
Listing Snapshot
Days Online
19
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,524
Lot Size
0.15 Acres
Year Built
1957
MLS Number
25607081
30 Days Snapshot Of 90035
$1.79M
-17%
(avg) sold price
3
-62%
homes sold
72
-14%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven, Range, Refrigerator
Building
Built in 1957, Building area total: 5,524, Levels: Two, Living area: 5524, 2 stories, 1 building, Architectural style: MidCenturyModern, Attached, Common walls: OneCommonWall
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $206,532, Net operating income: $138,755
Laundry
CommonArea
Lot
0.1464 acres, 6,378 square feet, Size: 6,378
Parking
6 totals parking, AttachedCarport, Carport
Pool
None
Property
Zoning: LAR3, CityLights
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Spa
None
Tenant Pays
Electricity, Gas
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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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