1014 N El Centro Avenue, Los Angeles, CA 90038
List Price: $1.68M
Listing Status: Active
0Days on Market: 51
9 Bedrooms · 7 Bathrooms · 6,375 sq ft
Property Type: ResidentialIncome
Year Built: 1949
Lot Size: 6,481 sq ft
MLS Number: 26951113
About This Property
We are pleased to offer for sale 1014-1018 North El Centro Avenue, a seven-unit apartment community located in the Hollywood neighborhood of Los Angeles, just north of Santa Monica Boulevard between Vine Street and Gower Street.Built in 1949, the property comprises 6,375 square feet of improvements on a 6,481-square-foot parcel, with a unit mix of five one-bedroom units and two two-bedroom units. There is approximately 14% rental upside remaining, capturable through ordinary turnover. The offering is priced at $264 per square foot, below the average of the recent comparable sales in the surrounding Hollywood submarket.The property carries a Walk Score of 94, with retail and dining along Santa Monica Boulevard a block south. Paramount Pictures on Melrose Avenue, Sunset Las Palmas Studios, and the Sunset Boulevard creative-office campuses anchored by Netflix are all within about a mile, as are Metro's B Line at Hollywood/Vine and the 101 Freeway.1014-1018 North El Centro Avenue offers investors an opportunity to acquire a well-maintained asset with remaining upside in one of the most established rental submarkets in Los Angeles.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Listing provided by: Sean Rosenzweig DRE #01406343 310-909-5500 thesrgroup@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26951113
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.