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Patricia Beattie

admin@brivio.com +1(800) 517-7326

$ 1,195,000

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901 N El Centro AVE Hollywood, CA 90038

4,151 Sqft Lot

UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR25168311

HOA Y/N No

Year Built 1924

Lot Size 4,151 Sqft

Property Sub-Type Apartment

Property Description

Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Two units will be delivered vacant at close, offering a rare opportunity for an owner-user or investor to lease at market rates — currently ranging from $1,600 to $1,900/month — or move in and enjoy the unbeatable location. Tenants are responsible for their own gas and electricity, while the building covers water and trash, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA's most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities. PLEASE NOTE: Ownership will conduct a 1031 exchange which should hopefully take no more than 45-60 days.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Natural Gas

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Range, Water Heater

Laundry None

Exterior

Parking Features None

Pool None

Community Features Curbs

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5534028013

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

Listed by Ricardo Velasquez LRS Realty & Management Inc. 818-355-2549

Patricia Beattie

Broker | CA DRE#02153415

+1(800) 517-7326

Patricia Beattie

901 N El Centro AVE Hollywood, CA 90038

Key Details

Location

Interior

Exterior

Building

Others

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901 N El Centro AVE