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1014 N El Centro Avenue Los Angeles, CA 90038
6,375 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,375 sqft
Price per Sqft $235
MLS Listing ID CL26951113
HOA Y/N No
Year Built 1949
Lot Size 6,481 Sqft
Acres 0.1488
Property Sub-Type Other
Property Description
We are pleased to offer for sale 1014-1018 North El Centro Avenue, a seven-unit apartment community located in the Hollywood neighborhood of Los Angeles, just north of Santa Monica Boulevard between Vine Street and Gower Street.Built in 1949, the property comprises 6,375 square feet of improvements on a 6,481-square-foot parcel, with a unit mix of five one-bedroom units and two two-bedroom units. There is approximately 14% rental upside remaining, capturable through ordinary turnover. The offering is priced at $235 per square foot, below the average of the recent comparable sales in the surrounding Hollywood submarket.The property carries a Walk Score of 94, with retail and dining along Santa Monica Boulevard a block south. Paramount Pictures on Melrose Avenue, Sunset Las Palmas Studios, and the Sunset Boulevard creative-office campuses anchored by Netflix are all within about a mile, as are Metro's B Line at Hollywood/Vine and the 101 Freeway.1014-1018 North El Centro Avenue offers investors an opportunity to acquire a well-maintained asset with remaining upside in one of the most established rental submarkets in Los Angeles.PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Location
State CA
County Los Angeles
Zoning [Q]R4-1VL-
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5534023012
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Listed by Sean Rosenzweig • Marcus & Millichap