CA > Los Angeles
Los Angeles, CA 90028,1820 Grace AVE
Los Angeles, CA 90028,1820 Grace AVE
Los Angeles, CA 90028,1820 Grace AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,000,000
Est. payment /mo
6,916 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,916 sqft

Price per Sqft $289

MLS Listing ID 25506173

HOA Y/N No

Year Built 1953

Lot Size 7,701 Sqft

Property Description

We are pleased to present 1820 Grace Ave, a 10 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + one bathroom unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot.1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1820 Grace Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.62% with the ability to improve to a 8.29%CAP rate once units turnover.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR4

Interior

Fireplace No

Exterior

Parking Features Covered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5547006004

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Michael Sterman • Marcus & Millichap

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