1351 N Alta Vista Boulevard
Los Angeles, CA 90046
Listing provided courtesy of: Rodeo Realty
Property Description
We are proud to present a rare investment opportunity in the heart of Hollywood at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046. This property is a 6-unit apartment building, offering exceptional potential for redevelopment and expansion.
Nestled on a spacious 9,681 square foot lot with LAR3 zoning, the property currently features a single building with a total rentable space of 6,296 square feet. Originally constructed with six separate apartments, the building showcases classic period architecture, providing a unique charm. With rents currently set below market, this property offers substantial "value-add" potential.
Additionally, approved plans for a new development could increase the unit count to a total of 26, transforming the building into a modern masterpiece. This redevelopment would complement the neighboring sister building, offering a cohesive and contemporary aesthetic for the area.
The current unit make-up is one 2-bedroom unit and five 1-bedroom units. All with one bathroom and laundry in each unit. There is a large garage in the back offering one stall per unit.
Whether you're an investor looking for a property with significant upside or a developer seeking a prime location for a high-end residential project, this offering presents an exciting opportunity to capitalize on one of Los Angeles' most sought-after neighborhoods. Make this Hollywood gem your next investment!
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Features:
Free-Standing Range, Gas Cooktop, Gas Oven, Gas Range, Dryer, Washer, Washer/Dryer Stacked Wall/Window Unit(s) Laminate, Wood Crown Molding, Tile Counters Front Yard, Landscaped, Level, Near Public Transit, Paved, Rectangular Lot Assigned, Garage, Off Street, Private Shingle Public Sewer Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
| Price: | $4,000,000 |
| Interior (SQFT): | 9,683 |
| Lot Size (SQFT): | 9,683 |
| Property Type: | Residential Income |
| Year Built: | 1939 |
Listing provided courtesy of: Rodeo Realty. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Based on information from California Regional MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 04/29/2025 17:09:04
