We are pleased to present 1820 Grace Ave, a 10 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + one bathroom unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot.1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood’s central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area’s connectivity to the rest of Los Angeles.1820 Grace Ave represents a unique value-add opportunity for investors due to the property’s location and rental upside. The property offers a initial CAP rate of 5.62% with the ability to improve to a 8.29%CAP rate once units turnover.
Property Details
Price:
$2,000,000
MLS #:
25506173
Status:
Active
Baths:
0
Address:
1820 Grace Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Mar 3, 2025
State:
CA
ZIP:
90028
Lot Size:
7,702 sqft / 0.18 acres (approx)
Year Built:
1953
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Schools
Interior
Exterior
Parking Features
Covered
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address1820 Grace Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90028
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1820 Grace Avenue
Los Angeles, CA
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