844 S Holt Avenue, Los Angeles, CA 90035

About this property

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.

Listing description from the April 2023 sale, as reported to CRMLS.

Sale history

$2,365,000

Sold April 2023 · listed $2,895,000, on market February 2023 · MLS #23236283 · Source: CRMLS

Listing Agent: Christopher Gray · Listing Office: Beverly and Company, Inc. · Contact: 818-382-4160 · Bought with: Christopher Gray · Beverly and Company, Inc.

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