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Listed by Christopher Walker • Triqor Group
$ 3,500,000
Est. payment /mo
Active
1156 North Cahuenga Boulevard Los Angeles, CA 90038
10,332 SqFt
UPDATED:
01/16/2025 07:20 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,332 sqft
Price per Sqft $338
MLS Listing ID PW-25010341
Year Built 1957
Lot Size 9,135 Sqft
Property Description
This well-maintained property is located in the World-Renowned Hollywood Media District, offering a rare investment opportunity as it hits the market for the first time in over 50 years. With approximately 50% upside in rental income, this property presents significant potential for growth. Governed by the Los Angeles Rent Stabilization Ordinance (LARSO), it ensures compliance with local regulations while offering stability for long term investment. The desirable unit mix includes 14 one-bedroom units and 2 two-bedroom units, each thoughtfully designed with gas cooking, electric heating, hardwood and carpet flooring, and ceiling fans. The building also boasts excellent parking amenities, including twelve tuck-under spaces and two enclosed spots, which are invaluable in an area where parking is often scarce. This combination of prime location, upside potential, and tenant-friendly features makes the property an exceptional investment opportunity.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description Rectangular Lot
Sewer Public Sewer