844 S Holt Avenue Los Angeles, CA 90035
9 bed / 9 bath / 5,397 Sq. Ft. / 5,998 Sq. Ft., 0.138 acres lot size / Other
Status: Sold
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Presenting this rare 6-unit multifamily investment opportunity in one of L.A.'s most desirable cosmopolitan areas. 844 S. Holt Ave is a chance to own and operate a classic mid-century apartment building with upside potential. 3 two-BR and 3 one-BR units comprise this building with 5,397 sq ft gross rentable area on a 5,999 sq ft lot. Total current rents are below market rates in the area. Coupled with a value add opportunity to either partially or fully renovate 5 of the units with potential 4.7% cap rate. Unit 2 is fully-renovated and currently vacant. Additional features include 6 parking spaces and laundry room on-site. The coin laundry and annual oil royalties provide additional passive income. The building is centrally located near Beverly Hills, WeHo and Century City. Plus it is within walking distance to recreation, dining, houses of worship and the new La Cienega subway station (opening 2024) for current and future value growth.
property details
Type
Other
Status
Closed
County
Los Angeles
Year Built
1956
Beds
9
Sq. Ft.
5,397
Lot Size
5,998 Sq. Ft., 0.1 acres
Listing Id
23236283
Courtesy Of
Christopher Gray - Beverly and Company, Inc. +1 818 382 4160
List Office Phone
+1 818 382 4160
Interior Features
Appliances
Refrigerator
Flooring
Wood
Living Area Units
Sq. Ft.
Bathrooms Total
9
Exterior Features
Parking
Assigned
Garage
One Space
Side By Side
Tandem
Garage
One Space
Side By Side
Tandem
Stories
2
Parking Spaces
6
Utility & Building Info
Sewer
Other
Parcel Number
4333023021
Cooling
Window/Wall Unit
Heating
Gas Heat
Building Area Total
5,397 Sq. Ft.
Price Per Sq Ft
$536
Architectural Style
2 Story
 |
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Price History
| date | event | price | source |
|---|---|---|---|
|
04/05/2023
04/05/2023
|
Sold |
$2,365,000
|
CA Regional MLS (CRMLS) |
|
03/21/2023
03/21/2023
|
Pending |
$2,895,000
|
CA Regional MLS (CRMLS) |
|
03/07/2023
03/07/2023
|
Contingent |
$2,895,000
|
CA Regional MLS (CRMLS) |
|
02/17/2023
02/17/2023
|
Active |
$2,895,000
|
CA Regional MLS (CRMLS) |
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Market Trends
Source: Constellation1
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