CA > Hollywood
Hollywood, CA 90038,901 N El Centro Avenue
Hollywood, CA 90038,901 N El Centro Avenue
Hollywood, CA 90038,901 N El Centro Avenue
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$1,195,000
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4 Beds
4 Baths
Active

901 N El Centro Avenue Hollywood, CA 90038

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25168311

Bedrooms 4

Property Sub-Type Res Income 2-4 Units

Property Description

Charming 5-Unit Multifamily Property in Prime Hollywood Location Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Two units will be delivered vacant at close, offering a rare opportunity for an owner-user or investor to lease at market rates currently ranging from $1,600 to $1,900/month or move in and enjoy the unbeatable location. Tenants are responsible for their own gas and electricity, while the building covers water and trash, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LAs most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities. PLEASE NOTE: Ownership will conduct a 1031 exchange which should hopefully take no more than 45-60 days.

Location

State CA

County Los Angeles

Zoning Assessor

Direction North of Willoughby, on El Centro

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 5534028013

MLS Router / San Diego MLS
Listed by Ricardo Velasquez LRS Realty & Management Inc.

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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901 N El Centro Avenue

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