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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 LA's 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.
Property Type(s):
Residential Income
| Last Updated | 9/9/2025 | Year Built | 1924 |
|---|---|---|---|
| Community | C20 - Hollywood | County | Los Angeles |
Price History
| Prior to Sep 9, '25 | $1,195,000 |
|---|---|
| Sep 9, '25 - Today | $1,050,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range, Water Heater |
| AREA | C20 - Hollywood |
| HEAT | Natural Gas |
| LOT | 4151 sq ft |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Natural Gas Connected, Sewer Connected, Water Connected |
| WATER | Public |
Location
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Listed with LRS Realty & Management Inc.
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.
This IDX solution is (c) Diverse Solutions 2025.
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