1043 S. Holt Avenue presents a rare opportunity to acquire a well-maintained six-unit multi-family asset in the heart of Pico Robertson, one of Los Angeles's most desirable and centrally located rental neighborhoods. Priced at $2,300,000, the property offers both immediate occupancy flexibility andstrong investment fundamentals. Four units will be delivered… Read More vacant at close of escrow, including a spacious 3-bedroom, 2-bath owner's unit, ideal for an owner-user or investor seeking to maximize rentalincome and long-term appreciation. Once vacant units stabilizes, the asset is projected to operate at anapproximate 6.0 % CAP rate and 11.14 GRM, highlighting both its solid current performance and futureincome growth potential with proforma CAP rate 7.14% and 9.83 GRM!Originally constructed in 1956 and offered for the first time by the original builder's family, thislegacy property combines mid-century character with a proven income profile. The 5,524-square-footbuilding sits on a 6,381-square-foot lot and features a desirable unit mix of four 1-bedroom + 1-bathunits, one 2-bedroom + 2-bath unit, and one 3-bedroom + 2-bath unit, an ideal configuration forbroad tenant appeal and strong rentability. Seismic retrofit plans have already been approved by theCity and will be included in the sale, providing a clear path to compliance for the next owner. Located in the Pico Robertson district, 1043 S. Holt Avenue offers residents exceptional access tomajor employment and lifestyle centers including Beverly Hills, Century City, Culver City, and WestHollywood. The neighborhood is known for its walkable community atmosphere, diverse dining scene,and convenient proximity to transit and major thoroughfares, making it one of the most consistentlysought-after rental markets in Los Angeles.1043 S. Holt Avenue represents a rare opportunity to acquire a well-located, generational West Los Angeles asset with multiple avenues for future growth. The property is being presented in as-is condition, with two tenants currently in place and 4 vacant units! Read Less
Courtesy of Coldwell Banker Realty 310-820-6651
Listing Snapshot
Days Online
4
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,524
Lot Size
0.15 Acres
Year Built
1957
MLS Number
25607081
30 Days Snapshot Of 90035
$2.09M
+22%
(avg) sold price
6
-14%
homes sold
68
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Amenities
None
Appliances & Equipment
Oven, Range, Refrigerator, Range/Oven
Building
5,524 sq ft, Built in 1957, Levels: Two, Attached, Mid-Century
Cooling
Wall/Window
Disclosures
As Is, Rent Control, Property Report
Floors
Mixed
Garage
Carport, Carport Attached
Water Features
Water: Public
Heating
Wall
Laundry
Community
Lot
LotAcreage: 0.1465, LotSizeArea: 6,378, Lot-Level/Flat, Street Paved, Street Lighting, City
Miscellaneous
None
Parking
TotalParking: 6
Pool
PoolYN: False, None
Property
LandLeaseType: Fee, NumberOfUnits: 6, ViewDescription: City, ViewYN: 1, Zoning: LAR3
Sewer
In Street
Spa
Has spa, None
Utilities
Gas
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