833 N Poinsettia Place, Los Angeles, CA 90046
List Price: $1.3M
Listing Status: Active
0Days on Market: 171
4 Bedrooms · 4 Bathrooms · 2,374 sq ft
Property Type: ResidentialIncome
Year Built: 1940
Lot Size: 7,351 sq ft
MLS Number: 26644191
About This Property
We are pleased to present a very rare opportunity to acquire 833 N Poinsettia Pl, a West Hollywood-adjacent 4-Unit multifamily building.Available for the first time since 1988, the property is ideally situated between Santa Monica Blvd and Melrose Ave, within close distance to some of Los Angeles' most iconic dining, nightlife, and shopping destinations. 833 N Poinsettia Pl boasts a prime location with exceptionally high tenant demand and easy access to other coveted employer hubs including Beverly Hills, Century City, Hollywood, and the Miracle Mile. This property sits on a 7,349 Square Foot lot with 2,374 Square Feet of gross building area. The property consists of Four (1) One-Bedroom Units that are each individually metered for utilities. Tenants also benefit from Six (6) on-site private parking spots, Four (4) garage spots and Two (2)along the driveway, as well as dedicated storage areas.This is a rare opportunity to acquire a coveted asset in one of the most competitive rental submarkets in Los Angeles. With current rents approximately 58% below market, the property provides clear value-add potential for investors, while also offering significant existing cash flow and strong long-term appreciation potential.
Listing provided by: John Boyett DRE #02056759 John.Boyett@cbre.com, CBRE
Source: CRMLS, MLS #: 26644191
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.