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$4,100,000
Est. payment /mo
15 Beds
12 Baths
14,029 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,029 sqft
Price per Sqft $292
MLS Listing ID 25553309
Bedrooms 15
HOA Y/N No
Year Built 1957
Lot Size 0.418 Acres
Property Description
We are pleased to present a twenty (20) unit apartment building located at 1734-1740 Taft Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Hollywood Boulevard and west of Western Avenue. Built in 1957 and 1958 respectively, this classic mid-century property is located in a prime Hollywood location, adjacent to the highly desirable Los Feliz neighborhood. Situated on a rare 18,224 SF double lot with two separate APNs, the property offers an excellent unit mix consisting of one (1) studio, fourteen (14) one-bedroom units, and five (5) two-bedroom units two of which will be delivered vacant and un-renovated, providing immediate value add potential. This multifamily asset features an on-site laundry facility, full on-site covered parking, and is soft story retrofit exempt. This offering presents a unique opportunity to convert the existing carports into multiple ADUs (up to 16), dramatically increasing potential income. Some of the buildings' recent upgrades include a new roof on both buildings and new electrical subpanels and breakers in 1740. This legacy asset on the market for the first time in 50 years represents a rare and strategic investment opportunity in one of LA's most sought-after submarkets. Nestled in a prime Hollywood Location, this offering presents an excellent opportunity for an investor to capitalize on a classic Hollywood mid-century asset priced at only $205,000 per unit and$224 per SF for the land.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Carport
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5586034021
Special Listing Condition Standard
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Listed by Jason Tuvia • Marcus & Millichap