1351 N Alta Vista Blvd Los Angeles, CA 90046
Hollywood NeighborhoodEstimated payment $26,091/month
Total Views
3,064
7
Beds
6
Baths
6,296
Sq Ft
$635
Price per Sq Ft
Highlights
- Property is near a park
- Wood Flooring
- No HOA
- French Architecture
- Private Yard
- Crown Molding
About This Home
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!
Listing Agent
Rodeo Realty Brokerage Phone: 310-882-5565 License #01481426 Listed on: 03/28/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 9,685 Sq Ft Lot
- Two or More Common Walls
- Landscaped
- Rectangular Lot
- Paved or Partially Paved Lot
- Level Lot
- Private Yard
- Lawn
- Front Yard
Parking
- 6 Car Garage
- Parking Available
- Off-Street Parking
- Assigned Parking
Home Design
- French Architecture
- Apartment
- Slab Foundation
- Shingle Roof
- Stucco
Interior Spaces
- 6,296 Sq Ft Home
- 2-Story Property
- Crown Molding
- Living Room
Kitchen
- Gas Oven
- Gas Cooktop
- Free-Standing Range
- Tile Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 7 Bedrooms
- 6 Bathrooms
Laundry
- Laundry Room
- Stacked Washer and Dryer
Location
- Property is near a park
- Property is near public transit
- Urban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 2
- Tax Tract Number 11041
- Assessor Parcel Number 5548020040
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,500
- Professional Management Expense $7,300
- Trash Expense $500
- Water Sewer Expense $500
- New Taxes Expense $50,000
- Operating Expense $59,800
- Gross Income $145,296
- Net Operating Income $85,496
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | For Sale | $4,000,000 | +83.1% | $635 / Sq Ft |
| 11/26/2019 11/26/19 | Sold | $2,185,000 | -12.6% | $347 / Sq Ft |
| 09/11/2019 09/11/19 | Pending | -- | -- | -- |
| 07/01/2019 07/01/19 | Price Changed | $2,500,000 | -7.4% | $397 / Sq Ft |
| 05/28/2019 05/28/19 | For Sale | $2,700,000 | -- | $429 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25068016
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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