3625 Regal Place, Los Angeles, CA 90068
Property · 2 recorded sales since 2016
Sold May 2024
Listing Agent: Robert Renshaw (DRE #01332831) · Listing Office: REMAX COMMERCIAL & INVESTMENT REALTY · Contact: 310-802-2500 · Bought with: Robert Renshaw · REMAX COMMERCIAL & INVESTMENT REALTY · MLS #24370458 · Source: CRMLS
About this property
We are pleased to present for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access via both Regal Place and Fredonia Drive. Soft story retrofitting has been completed and a certificate of completion has been issued. 3625 Regal is ideally located on a quiet cul-de-sac in close proximity to Hollywood, Universal City and Studio City. The property is walking distance to an amazing assortment of dining and entertainment options including The Baked Potato, Miceli's and Good Neighbor. 3625 Regal generates fantastic income equating to a cap rate of over 4.5% with remaining upside of approximately 45%. This is a rare turnkey asset allowing for favorable financing yet with tremendous upside potential.
Listing description from the May 2024 sale, as reported to CRMLS.
Sale history
