This well maintained property represents the best value in La Cienega Heights. At $196 per unit and 11.5 times Gross, it is clearly the "Best in Class". There is (1) 3BR/2BA, (4) 2BR/2BA, (4) 2BR/1BA, (6)1BR/1BA and (1) Studio. The LA County Assessors list the property as 15 units, but it is operating as 16. The units are huge with a courtyard style layout and a pool. It has been in the family for 51 years, and managed professionally for decades. The property just benefitted from installation of brand new electrical service last year (by permit), and it has been retrofitted for EQ. There are 15 tuck-under parking spaces and a gated entry for security and convenience. It is 3 blocks from Kaiser West LA, and walking distance from Culver City Arts District, HBO, Amazon, Apple, and the Culver Steps. The rental upside is approximately 75%, resulting in a Pro-forma cap rate of 10.08%!! The property is being sold in conjunction with 2314 Corning, and be purchased together or separately. Don’t miss this rare bargain!
Property Details
Price:
$3,150,000
MLS #:
25533713
Status:
Active
Baths:
0
Address:
2038 S Holt Avenue
Type:
Residential Income
Neighborhood:
c09beverlywoodvicinity
City:
Los Angeles
Listed Date:
May 1, 2025
State:
CA
ZIP:
90034
Lot Size:
12,619 sqft / 0.29 acres (approx)
Year Built:
1961
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Schools
Interior
Appliances
Refrigerator
Heating
Natural Gas, Wall Furnace
Exterior
Parking Features
Assigned, Covered
Parking Spots
15.00
Security Features
Gated Community
Stories Total
2
Financial
Map
Community
- Address2038 S Holt Avenue Los Angeles CA
- AreaC09 – Beverlywood Vicinity
- CityLos Angeles
- CountyLos Angeles
- Zip Code90034
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2038 S Holt Avenue
Los Angeles, CA
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