1156 Gordon Street, Los Angeles, CA 90038
-
Listed Price :
$1,850,000
-
Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1910
Property Description
We are pleased to present an unbeatable value add investment opportunity with immense rental upside in the heart of Hollywood! Standing on a +/- 6,504 sq ft. lot on the corner of Lexington Ave and Gordon St is a 6 unit building with 5 UNITS DELIVERED VACANT. There are 2 structures on the lot consisting of a 4 unit building and a duplex. All units are spacious and feature 1920's period details. Consists of six 1 bedroom / 1 bath units. The building has a newer roof, copper plumbing, and separate meters for gas and electric. The vacant units present the perfect opportunity to cosmetically remodel the interiors and achieve market rents. The occupied unit is already rented at close to market. When the vacant units are remodeled and rented, the building will generate approximately $150,288 in gross income and operate at a cap rate of at least 6%. The lot also includes 2 garages and an uncovered parking area, which can be used to build 1 or more ADUs for additional income. Less than 1 mile from the Netflix HQ, Paramount Pictures, and many other entertainment/media companies, the building is in a highly desirable rental market with close proximity to Hollywood attractions, the 101 freeway, and Downtown LA.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
1156 Gordon Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90038 |
| County |
Los Angeles |
| Listing Agent |
Anie Mayelian DRE #00778825 |
| Co-Listing Agent |
Aleen Mayelian DRE #02198281 |
| Courtesy Of |
Keller Williams Realty Calabasas |
| List Price |
$1,850,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
6,506 |
| Year Built |
1910 |
Listing information courtesy of: Anie Mayelian, Aleen Mayelian, Keller Williams Realty Calabasas. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 5th, 2024 at 2:08 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
