1627 Poinsettia Place, Los Angeles

$5,495,000

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3 Beds

4 Baths

14,817 Sqft

.19 Acre

0 Garage

1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.

Essential Information

MLS® #: 24362583

Price: $5,495,000

Bedrooms: 3

Bathrooms: 4.00

Square Footage: 14,817

Acres: 0.19

Year Built: 1965

Type: Residential Income

Status: Active

Community Information

Address: 1627 Poinsettia Place

Area: C20 - Hollywood

City: Los Angeles

County: Los Angeles

Zip Code: 90046

Senior Community: N

Amenities

Parking Spaces: 22

Parking: Underground, Gated

Garages: Underground, Gated

View: None

Interior

Appliances: Dishwasher, Refrigerator

Heating: Wall Furnace

# of Stories: 3

Stories: Three Or More

Additional Information

Date Listed: February 26th, 2024

Days on Market: 80

Zoning: LAR3

Listing Details

Agent: Errol Spiro

Office: Miller & Desatnik Realty Co.

LISTING MAP

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Buyer's Agent

Listing Agent

Errol Spiro - Miller & Desatnik Realty Co.

Based on information from California Regional Multiple Listing Service, Inc. as of May 16th, 2024 at 9:30pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.