1627 N Poinsettia Pl new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90046
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,817 sqft
Price per Sqft $343
MLS Listing ID 25551207
Bedrooms 18
Year Built 1965
Lot Size 8,439 Sqft
Acres 0.1937
Property Sub-Type Multi-Family
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.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Air Conditioning
Equipment Refrigerator, Range/Oven, Dishwasher, Elevator
Exterior
Parking Features Subterranean
Garage Spaces 22.0
Building
Story 3
Level or Stories Three Or More
Others
Special Listing Condition Standard