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$ 2,200,000
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1820 Grace AVE Los Angeles, CA 90028
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,916 sqft
Price per Sqft $318
MLS Listing ID 25506173
HOA Y/N No
Year Built 1953
Lot Size 7,701 Sqft
Property Description
We are pleased to present 1820 Grace Ave, a 10 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + one bathroom unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot.1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1820 Grace Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.74% with the ability to improve to a 7.45%CAP rate once units turnover.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features Covered
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5547006004
Special Listing Condition Standard
Listed by Michael Sterman • Marcus & Millichap
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