Property listed by Coldwell Banker Realty, Eric Sackler 310-820-6651
$2,100,000
1037 S. Holt Avenue presents an opportunity to acquire a well-maintained six-unit multi-family asset in the heart of Pico-Robertson, one of Los Angeles' most desirable and centrally located rental neighborhoods. One 1-bedroom, 1-bath unit will be delivered vacant at the close of escrow, while the remaining five occupied units provide… Read More immediate cash flow and a more favorable path to financing with in-place income.When projecting the vacant unit at market rent (post-renovation), the asset is estimated to operate at an approximate 4.82% CAP rate and 12.53 GRM, highlighting its solid current performance. With full stabilization, the property offers strong upside potential with a projected 6.70% CAP rate and 10.00 GRM.The 5,330 square foot building sits on a 6,641 square foot lot and features a desirable unit mix of three 1-bedroom + 1-bath units, one 2-bedroom + 1-bath unit, and two 2-bedroom + 2-bath units, providing broad tenant appeal and strong rentability. The property includes six on-site parking spaces and has completed its seismic retrofit.Located in the Pico-Robertson neighborhood, 1037 S. Holt Avenue offers residents exceptional access to major employment and lifestyle centers including Beverly Hills, Century City, Culver City, and West Hollywood. The neighborhood is known for its walkable atmosphere, diverse dining options, and convenient proximity to transit and major thoroughfares, making it one of the most consistently sought-after rental markets in Los Angeles. Read Less
Listing Snapshot
Days Online
8
Last Updated
Square Ft.
5,330
Lot Size
0.15 Acres
Year Built
1957
MLS Number
26669051
Additional Details
Building
Built in 1957, Living area: 5330.0, 1 building, 2 stories, Levels: Two
Cooling
WallWindowUnits
Fireplaces
None
Heating
WallFurnace
Income
Gross Income: $167,558, Net Operating Income: $101,120
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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