$2,000,000
$200K PRICE DROP

Estimated payment $12,897/month

Total Views 2,341
-- Bed
-- Bath
6,916 Sq Ft
$289 Price per Sq Ft

About This Home

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.

Listing Agent

Michael Sterman

Marcus & Millichap License #01911703 Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 7,702 Sq Ft Lot
  • Lot Dimensions are 55x140

Interior Spaces

  • 6,916 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Parking Spaces
  • Covered Parking

Utilities

  • Window Unit Cooling System

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 5547-006-004

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6916
  • Lot Acreage: 0.1768
  • Lot Dimensions: 55x140
  • Stories: 2
  • Year Built: 1953
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 289.18

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking
  • Total Parking: 6

Utilities

  • Cooling: Window Unit(s)

Lot Info

  • Assessed Improvement Percent: 71.91
  • Assessed Improvement Value: 763929
  • Assessed Land Percent: 28.09
  • Assessed Land Value: 298340
  • Total Assessed Value: 1062269
  • Assessor Parcel Number: 5547-006-004
  • Lot Size Area: 7702

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.78
  • Number Of Units: 10
  • Total Annual Expense: 67610
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 Price Changed $2,000,000 -9.1% $289 / Sq Ft
03/03/2025 03/03/25 For Sale $2,200,000 -- $318 / Sq Ft
Source: The MLS

Similar Homes in Los Angeles, CA

  • 310 N Kenmore Ave, Los Angeles, CA 90004

    $1,500,000

    • 3 Beds
    • 2,496 Sq Ft
    • 310 N Kenmore Ave
    • Los Angeles, CA

    Exceptional investment opportunity in the heart of Koreatown, Los Angeles! This remarkable triplex property is a fixer-upper gem that holds immense potential for savvy investors looking to make their mark in the real estate market. Comprising two distinct buildings on the same lot. The first building features two bedrooms and one bathroom, providing ample living space for potential tenants or

    Eugenia Mancera Berkshire Hathaway HomeServices California Realty

    Section Image
  • 6669 De Longpre Ave, Los Angeles, CA 90028

    $1,699,000

    • 4 Beds
    • 3 Baths
    • 3,400 Sq Ft
    • 6669 De Longpre Ave
    • Los Angeles, CA

    RARE HOLLYWOOD INVESTMENT OPPORTUNITY!Welcome to this beautifully maintained Spanish-style duplex in the heart of Hollywood — just moments from Highland Avenue and the Red Line subway station. This exceptional property offers two distinct units, each with its own address: 6669 De Longpre Ave. and 6671 De Longpre Ave., totaling approximately 3,380 sq ft of living space. The first-floor unit

    Young Ju Park New Star Realty & Investment

    Section Image
  • 1304 N Citrus Ave, Los Angeles, CA 90028

    $1,650,000

    • 2 Beds
    • 2 Baths
    • 1,644 Sq Ft
    • 1304 N Citrus Ave
    • Los Angeles, CA

    We are pleased to offer for sale a development site at 1304-1306 Citrus Avenue, located adjacent to West Hollywood. A duplex currently sits on the site, which spans a 7,296 square foot parcel, offering a rare opportunity for a developer to acquire land in one of the most supply-constrained pockets of Los Angeles. The immediate area has seen multiple new developments in recent years, reinforcing

    Sean Rosenzweig Marcus & Millichap

    Section Image
  • 5648 Franklin Ave, Los Angeles, CA 90028

    $1,670,000

    • 4 Beds
    • 4 Baths
    • 4,624 Sq Ft
    • 5648 Franklin Ave
    • Los Angeles, CA

    Presenting 5648 Franklin Ave and 1857, 1859, 1861 N Gramercy Pl, a remarkable multifamily opportunity. This property consists of four 1-bedroom/1-bathroom apartments. Each unit spans approximately 1,150 square feet and includes in-unit washer and dryer facilities along with one assigned outdoor parking space per unit. The property features separate gas and electricity meters, ensuring independent

    Steven Nalchyan Keller Williams Realty World Media Center

    Section Image
  • 1802 N Western Ave, Los Angeles, CA 90027

    $2,200,000

    • 2 Beds
    • 2 Baths
    • 6,660 Sq Ft
    • 1802 N Western Ave
    • Los Angeles, CA

    Back on Market and priced reduced : Property located near Los Feliz area. Gated community of 10 individual bungalows built in 1920. Very large lot with tall shady trees down the middle walkway. Each unit has the following: front and back yard, utility room off kitchen, separate dining room, living room, bathroom with 2 entry points, bedroom with 2 walk-in closets. Some units have been upgraded.

    Debrah Johnson WE SELL HOMES REALTY

    Section Image
  • 5510 Lexington Ave, Los Angeles, CA 90038

    $2,350,000

    • 1 Bed
    • 2 Baths
    • 11,956 Sq Ft
    • 5510 Lexington Ave
    • Los Angeles, CA

    Lamlex Lexington is a 20-unit apartment community constructed in 1925. Situated in the Hollywood submarket, the property consists of (16) Studio/One-Bathroom units and (4) One-Bedroom/One-Bathroom units, totaling 480 square feet per unit. The units are separately metered for gas and electric. The property is located minutes away from two major thoroughfares, Santa Monica Blvd, Sunset Blvd, and

    Brent Sprenkle NorthMarq Realty Services, Inc

    Section Image
  • 844 N Poinsettia Place, Los Angeles, CA 90046

    $1,849,000

    • 4 Beds
    • 4 Baths
    • 1,991 Sq Ft
    • 844 N Poinsettia Place
    • Los Angeles, CA

    Price Improvement!!!!!!Attention all investors, developers and owner/users!! Opportunities knock for owning greatly appointed bungalow style duplex in LAR3 zoning with 3 bed 3 bath front unit and 1 bed 1 bath back unit. Property located in the Melrose neighborhood of LA on the border of West Hollywood. Both units in move in condition with granite countertops kitchens, tiled bathrooms, hardwood

    Ellen Urman Nelson Shelton & Associates

    Section Image
  • 951 N Martel Ave, Los Angeles, CA 90046

    $1,990,000

    • 4 Beds
    • 2 Baths
    • 2,058 Sq Ft
    • 951 N Martel Ave
    • Los Angeles, CA

    TURN-KEY INVESTMENT: Mint-renovated Spanish Colonial Duplex in WEHO. VACANT and ready for new short or long-term tenants. Situated on a quiet, tree-lined street, each side-by-side unit is bright and charming, featuring two bedrooms, one bathroom, a private yard, and a garage. This thoughtful renovation incorporates modern necessities while preserving a 1920s vibe. New interiors feature a gourmet

    Christopher Stanley Compass

    Section Image
  • 723 N Ridgewood Place, Los Angeles, CA 90038

    $1,790,000

    • 4 Beds
    • 4 Baths
    • 3,732 Sq Ft
    • 723 N Ridgewood Place
    • Los Angeles, CA

    Incredible opportunity to own a well-maintained 4-unit property located in one of L.A.’s most iconic neighborhoods. Each spacious 1 bed, 1 bath unit features in-unit laundry, a well-appointed layout, and comfortable living space. Tenants enjoy the convenience of their own garage and carport parking space, a rare find in the area. Whether you’re an investor or looking to live in one unit and rent

    Meline Khacheryan RE/MAX One

    Section Image

Source: The MLS

MLS Number: 25506173

The MLS