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 of the five units features 1 bedroom and 1 bathroom, with three units 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:
$1,195,000
MLS #:
SR25168311
Status:
Active
Baths:
0
Address:
901 N El Centro Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c20hollywood
City:
Hollywood
Listed Date:
Jul 23, 2025
State:
CA
ZIP:
90038
Lot Size:
4,151 sqft / 0.10 acres (approx)
Year Built:
1924
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Schools
Interior
Appliances
Gas Range, Water Heater
Cooling
None
Fireplace Features
None
Heating
Natural Gas
Exterior
Community Features
Curbs
Foundation Details
Raised
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
None
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address901 N El Centro Avenue Hollywood CA
- AreaC20 – Hollywood
- CityHollywood
- CountyLos Angeles
- Zip Code90038
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901 N El Centro Avenue
Hollywood, CA
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