1627 N Poinsettia PL, Los Angeles, CA 90046
1627 N Poinsettia PL, Los Angeles, CA 90046
1627 N Poinsettia PL, Los Angeles, CA 90046
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,950,000
Est. payment /mo
18 Beds
24 Baths
14,817 SqFt
Save

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 14,817 sqft

Price per Sqft $334

MLS Listing ID 26855971

Bedrooms 18

HOA Y/N No

Year Built 1965

Lot Size 8,437 Sqft

Property Description

Acquire a well-positioned 20-unit apartment building in the heart of Hollywood, a globally recognized epicenter of entertainment, creativity, and culture. Located at 1627 N. Poinsettia Place in the coveted Hollywood Hills West / Poinsettia Heights neighborhood, this 1965-built, wood-frame asset offers an exceptional combination of location prestige, walkability, employment density, and immediate rent-growth opportunity. The building features thoughtfully renovated kitchens and bathrooms with upgraded elevator, cabinetry, stainless steel appliances, modern fixtures, and new flooring across a diverse unit mix 14 one-bedroom, three studio, and three two-bedroom residences spanning approximately 14,817 SF on an 8,436 SF lot with 24 subterranean parking spaces. A Walker's Paradise with a Walk Score of 95 daily errands require no car as the property sits just a 10-minute walk from the Metro B Line (Red) at Hollywood/Highland Station, providing direct access to Downtown LA, Koreatown, and the Westside. The neighborhood is anchored by major employers including Netflix (1.4M SF+ commitment), Paramount Pictures, NBC Universal, and Warner Bros., driving robust tenant demand from entertainment professionals, young executives, and affluent renters seeking proximity to studios, Sunset Strip, West Hollywood, and Beverly Hills. Current rents average $2.68/SF against a market potential of $3.28/SF a 22% spread representing upside in untapped monthly NOI. The property trades at a current 5.23% cap rate making this a compelling value-add opportunity in one of Los Angeles' most resilient and high-demand multifamily submarkets with long-term appreciation tailwinds and consistent entertainment-industry-driven tenant interest.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Central

Fireplace No

Exterior

Parking Features Side By Side

Total Parking Spaces 24

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5548009033

Special Listing Condition Standard

Read Less Info
CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jacob Plewa REMAX COMMERCIAL & INVESTMENT REALTY #02041641

NEARBY SCHOOL & BUSINESS

MORTGAGE CALCULATOR

Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Serving Southern California

Customized quick search tools to explore nearby zip codes, cities, and neighborhoods in your favorite destinations

There are 30 quick searches
 
Serving Arizona
Custom Quick Search Tools To Explore Nearby Zip Codes, Cities & Neighborhoods In Your Preferred Destinations
More