Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
1125 Lodi Place . Los Angeles , CA 90038
Massive $700K Price Reduction on Prime Hollywood Luxury Apartments. For sale 8 units apartment building in prime Hollywood Los Angeles, California. For more information on this listing please contact the listing agents, Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. •310-666-2246 (agent) •arminsoleimani@gmail.com (agent) Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc.
Posted: 10/06/2023 1:11 pm
| On HOMEiZ: 217 days |
Updated: 3 weeks ago
| Views: 485
Location Map
Property Type
Price reduced
Property Price
$3100000
$
N/A
6,766.00
Sq. Ft.
$595
5212
2.5%
5.00%
$0
$155000
5.00
$0
1.25%
$38750
Property Location & Description
Massive $700K Price Reduction on Prime Hollywood Luxury Apartments. For sale 8 units apartment building in prime Hollywood Los Angeles, California. For more information on this listing please contact the listing agents, Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. •310-666-2246 (agent) •arminsoleimani@gmail.com (agent) Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc.
Rent Control
8-unit building with 7 fully renovated vacancies in Prime Hollywood cash flowing at an incredible Current Cap Rate of 5% and 14.1 GRM from day 1! The vacancies have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements. The unit mix provides unparalleled versatility, including 2 spacious (2bed/3bath) units ideal for families, as well as 6 modern (1bed/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Additionally, the major systems have been updated including electrical, plumbing, HVAC, etc
The property is located in the heart of the Hollywood entertainment industry just minutes away from Netflix studios, Paramount Studios, and Netflix Corporate office. Located just steps away from the world-famous Sunset Blvd, the property offers close proximity to neighborhood attractions, restaurants, bars, and shops such as the Hollywood Walk of Fame, Highlight Room, TAO, Bar-Lis, Dream Hotel, Thompson Hotel, and many more popping up all around the area.
8
$387500
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
6
2.
2+3
2
3.
4.
5.
5534-007-017
LARD1.5
100%
Wood & Stucco
2
1953
Very good
8 Unit building with 7 fully renovated vacancies with permits in Prime Hollywood area
Excellent unit mix consisted of 2 large (2bed/3bath) and 6 (1bed/1bath) units
Amazing Current Cap Rate of 5% and 14.1 GRM
Individually metered for Gas & Electricity
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
Assigned Parking
8
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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