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Exceptional investment opportunity in the heart of Hollywood! Built in 1923, this classic Spanish-style fourplex offers timeless character, immediate rental upside, and strong long-term investment potential. Situated on a low-maintenance corner LAR4-zoned lot, the property features four spacious one-bedroom, one-bathroom units totaling approximately 3,020 square feet (approximately 755 square feet per unit; buyer to verify). Each residence enjoys its own private entrance and is separately metered for gas and electricity, providing efficient property management and reduced owner expenses.A rare feature in today's market, two of the four units will be delivered vacant (upstairs and downstairs on the west side of the building), allowing the next owner to immediately lease at current market rents or select their own tenants. Both vacant units have been freshly painted and are move-in ready, creating an ideal opportunity to increase cash flow from day one. The remaining two units are occupied by long-term tenants, providing stable in-place income while offering future rental upside.The property's low-maintenance design, with no on-site parking or landscaping, helps minimize ongoing operating expenses. Pro forma financials are available upon request, highlighting the property's attractive investment potential and projected returns.Ideally located just minutes from Hollywood Boulevard, Sunset Boulevard, Netflix, Paramount Studios, shopping, restaurants, entertainment, and Metro transit, the property benefits from one of Los Angeles' strongest rental markets with consistently high tenant demand.An outstanding opportunity for investors, 1031 exchange buyers, or those looking to expand their multifamily portfolio with a classic Hollywood asset offering immediate upside, stable income, and exceptional long-term appreciation potential.
Property Type(s):
Residential Income
| Last Updated | 8/13/2026 | Year Built | 1923 |
|---|---|---|---|
| Community | C20 - Hollywood | County | Los Angeles |
Additional Details
| AREA | C20 - Hollywood |
|---|---|
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 2840 sq ft |
| LOT DIMENSIONS | 2842 |
| PARKING | None, On Street |
| POOL DESCRIPTION | None |
| STORIES | 2 |
| STYLE | Spanish |
| VIEW DESCRIPTION | None |
Location
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Listed with Nourmand & Associates-HW
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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