
1820 Grace Ave Los Angeles, CA 90028
Hollywood NeighborhoodEstimated payment $12,897/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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