1627 N POINSETTIA PLACE, LOS ANGELES CA 90046
- 14,817 sq.ft.
- 8,439 sq.ft. lot
Property Description
1627 N Poinsettia Place is a 20-unit situated in a prime Hollywood locationone of the most desirable rental submarkets in Los Angeles. Originally built in 1965, the three-story building spans approximately 14,817 square feet. The asset features an ideal unit mix consisting of: (2) Studio units, (14) One-Bedroom / One-Bath units, (4) Two-Bedroom / Two-Bath units. The majority of units are currently rented at below-market rates, presenting a classic value-add opportunity for investors seeking long-term upside through renovation and repositioning. Notable recent capital improvements include a new elevator system and upgraded master water heater, enhancing both reliability and tenant experience. One of the two bedroom units serves as a spacious, well-renovated owner's unit, while the on-site manager's studio unit will be delivered vacant at close of escrow, offering flexibility for new management or rental use. Additional property highlights include gated subterranean parking, a rare and desirable amenity in this dense urban area. This offering presents a unique opportunity for an astute multifamily investor to acquire a well-located, income-generating asset with significant upside potential in the heart of Hollywood.
Listing Courtesy of Errol Spiro, Miller & Desatnik Realty Co.
Interior Features
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