This well-maintained property is located in the World-Renowned Hollywood Media District, offering a rare investment opportunity as it hits the market for the first time in over 50 years. With approximately 50% upside in rental income, this property presents significant potential for growth. Governed by the Los Angeles Rent Stabilization Ordinance (LARSO), it ensures compliance with local regulations while offering stability for long term investment. The desirable unit mix includes 14 one-bedroom units and 2 two-bedroom units, each thoughtfully designed with gas cooking, electric heating, hardwood and carpet flooring, and ceiling fans. The building also boasts excellent parking amenities, including twelve tuck-under spaces and two enclosed spots, which are invaluable in an area where parking is often scarce. This combination of prime location, upside potential, and tenant-friendly features makes the property an exceptional investment opportunity.
Property Details
Price:
$3,350,000
MLS #:
PW25010341
Status:
Active
Baths:
0
Address:
1156 N Cahuenga Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Jan 13, 2025
State:
CA
ZIP:
90038
Lot Size:
9,135 sqft / 0.21 acres (approx)
Year Built:
1957
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Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
14.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1156 N Cahuenga Boulevard Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
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1156 N Cahuenga Boulevard
Los Angeles, CA
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