Sold
844 S Holt Avenue
Los Angeles CA, 90035
$2,365,000
$438.21 per sqft
Sold
9 Beds
9 Baths
5,397 sqft
Residential
Built in 1956
Listed by Christopher Gray with Beverly and Company, Inc. 818-382-4160
Presenting this rare 6-unit multifamily investment opportunity in one of L.A.'s most desirable cosmopolitan areas. 844 S. Holt Ave is a chance to own and operate a classic mid-century apartment building with upside potential. 3 two-BR and 3 one-BR units comprise this building with 5,397 sq ft gross rentable area on a 5,999 sq ft lot. Total current rents are below market rates in the area. Coupled with a value add opportunity to either partially or fully renovate 5 of the units with potential 4.7% cap rate. Unit 2 is fully-renovated and currently vacant. Additional features include 6 parking spaces and laundry room on-site. The coin laundry and annual oil royalties provide additional passive income. The building is centrally located near Beverly Hills, WeHo and Century City. Plus it is within walking distance to recreation, dining, houses of worship and the new La Cienega subway station (opening 2024) for current and future value growth.
23236283
MLSⓇ ID
February 17, 2023
Listed
March 23, 2024
Updated
Map
844 S Holt Avenue
Los Angeles CA, 90035
Interior Features
Total Stories
2
Bedrooms
9 Beds
Bathrooms
9 Baths
Appliances
Refrigerator
Floor Description
Wood
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Natural Gas
Exterior/Building Features
Lot Size
0.14 Acres
Architectual Style
Mid-Century Modern
Sewer
Other
School Information
School District
Los Angeles Unified
Other Property Details
Area Name
C19 - Beverly Center-Miracle Mile
Days on Market
15
Garage
Yes
Parking
Assigned, Garage, One Space, Side By Side, Tandem
Parking Total
6
View
No
View Description
None
County
Los Angeles
Pool
No
Pool Features
None
Zoning
LAR3
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
5/18/2023 | Sold | $2,365,000 |
Listing Contact: 818-382-4160
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:30 AM UTC