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$ 1,100,000
$ 1,175,000 6.4%
$ 1,100,000
$ 1,175,000 6.4%
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID GD25175188
Sold Date 12/11/25
HOA Y/N No
Year Built 1922
Property Sub-Type Triplex
Property Description
The location is exceptionally convenient—just minutes from major thoroughfares, freeway access, and downtown Los Angeles—making it highly attractive to future tenants or end-users alike. The property may need some fixing as current ownership has lived on the property for over 30 Years.
With pro forma figures showing a GRM around 10x and a projected CAP rate of approximately 6.7%, the financial potential here is significant. Additionally, the property includes a three-car garage with excellent ADU conversion potential, creating an opportunity to increase returns even further.
Some updates are needed, but the solid structure, generous unit sizes, and unbeatable location provide a strong foundation for long-term appreciation and income. A rare find in today's market—ideal for investors, owner-users, or developers seeking value-add upside in a prime Hollywood location.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Suburban, Sidewalks
Total Parking Spaces 3
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5520010019
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
Bought with Nick Avedissian Keller Williams R. E. Services
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