We are proud to present a rare investment opportunity in the heart of Hollywood at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046. This property is a 6-unit apartment building, offering exceptional potential for redevelopment and expansion.
Nestled on a spacious 9,681 square foot lot with LAR3 zoning, the property currently features a single building with a total rentable space of 6,296 square feet. Originally constructed with six separate apartments, the building showcases classic period architecture, providing a unique charm. With rents currently set below market, this property offers substantial "value-add" potential.
Additionally, approved plans for a new development could increase the unit count to a total of 26, transforming the building into a modern masterpiece. This redevelopment would complement the neighboring sister building, offering a cohesive and contemporary aesthetic for the area.
The current unit make-up is one 2-bedroom unit and five 1-bedroom units. All with one bathroom and laundry in each unit. There is a large garage in the back offering one stall per unit.
Whether you’re an investor looking for a property with significant upside or a developer seeking a prime location for a high-end residential project, this offering presents an exciting opportunity to capitalize on one of Los Angeles’ most sought-after neighborhoods. Make this Hollywood gem your next investment!
Nestled on a spacious 9,681 square foot lot with LAR3 zoning, the property currently features a single building with a total rentable space of 6,296 square feet. Originally constructed with six separate apartments, the building showcases classic period architecture, providing a unique charm. With rents currently set below market, this property offers substantial "value-add" potential.
Additionally, approved plans for a new development could increase the unit count to a total of 26, transforming the building into a modern masterpiece. This redevelopment would complement the neighboring sister building, offering a cohesive and contemporary aesthetic for the area.
The current unit make-up is one 2-bedroom unit and five 1-bedroom units. All with one bathroom and laundry in each unit. There is a large garage in the back offering one stall per unit.
Whether you’re an investor looking for a property with significant upside or a developer seeking a prime location for a high-end residential project, this offering presents an exciting opportunity to capitalize on one of Los Angeles’ most sought-after neighborhoods. Make this Hollywood gem your next investment!
Property Details
Price:
$4,000,000
MLS #:
SR25068016
Status:
Active
Baths:
0
Address:
1351 N Alta Vista Boulevard
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Mar 28, 2025
State:
CA
ZIP:
90046
Lot Size:
9,685 sqft / 0.22 acres (approx)
Year Built:
1939
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Free- Standing Range, Gas Oven, Gas Range, Gas Cooktop
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Laminate, Wood
Heating
Wall Furnace
Interior Features
Crown Molding, Tile Counters
Exterior
Community Features
Urban
Electric
Standard
Foundation Details
Slab
Garage Spaces
6.00
Lot Features
Front Yard, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Park Nearby, Paved, Yard
Parking Features
Assigned, Garage, Off Street, Private
Parking Spots
6.00
Pool Features
None
Roof
Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address1351 N Alta Vista Boulevard Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90046
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1351 N Alta Vista Boulevard
Los Angeles, CA
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