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Listed by Ricardo Velasquez • LRS Realty & Management Inc.
$ 949,999
Est. payment /mo
Pending
901 N El Centro AVE Hollywood, CA 90038
4,151 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSR25168311
Year Built 1924
Lot Size 4,151 Sqft
Source California Regional MLS
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 hopefull
Location
State CA
County Los Angeles
Area C20 - Hollywood
Rooms
Kitchen Oven Range - Gas
Interior
Heating Gas
Cooling None
Laundry None
Exterior
Parking Features No Parking
Pool None
Building
Story One Story
Foundation Raised
Water Hot Water, District - Public
Others
Tax ID 5534028013
Special Listing Condition Not Applicable
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