Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Two units will be delivered vacant at close, offering a rare opportunity for an owner-user or investor to lease at market rates — currently ranging from $1,600 to $1,900/month — or move in and enjoy the unbeatable location. Tenants are responsible for their own gas and electricity, while the building covers water and trash, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities. PLEASE NOTE: Ownership will conduct a 1031 exchange which should hopefully take no more than 45-60 days.
Property Details
Price:
$949,999
MLS #:
SR25168311
Status:
Pending
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
c20hollywood
Listed Date:
Dec 21, 2025
Total Sq Ft:
2,350
Lot Size:
4,151 sqft / 0.10 acres (approx)
Year Built:
1924
See this Listing
Schools
Interior
Appliances
GR, WHU
Cooling
NO
Heating
GAS
Laundry Features
NO
Exterior
Community Features
CRB
Financial
Map
Community
- Address901 N El Centro AV Hollywood CA
- CityHollywood
- CountyLos Angeles
- Zip Code90038
Market Summary
Current real estate data for Single Family in Hollywood as of Jan 12, 2026
9
Single Family Listed
65
Avg DOM
95
Avg $ / SqFt
$501,992
Avg List Price
Property Summary
- 901 N El Centro AV Hollywood CA is a Single Family for sale in Hollywood, CA, 90038. It is listed for $949,999 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1924. The average price per square foot for Single Family listings in Hollywood is $95. The average listing price for Single Family in Hollywood is $501,992.
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