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… Read More 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. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
16
Last Updated
Property Type
Other
Beds
24
Square Ft.
14,029
Lot Size
0.42 Acres
Year Built
1957
MLS Number
25553309
30 Days Snapshot Of 90028
$947k
+8%
(avg) sold price
4
+33%
homes sold
80
+26%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
14,029 sq ft, Built in 1957, Levels: Two
Disclosures
As Is
Garage
Carport
Lot
LotSizeArea: 18,224
Parking
TotalParking: 0
Property
NumberOfUnits: 20, Zoning: LARD1.5
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