1645 Courtney Avenue, Los Angeles

$3,650,000

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3 Beds
3 Baths
9,240 Sqft
.23 Acre
0 Garage

1645 Courtney Avenue and 7706 Hollywood Blvd are being offered for sale for the first time in over 50 Years!The offering consists of 22 Units and 17,580 of rentable living space located in the heart of Hollywood just off of Nichols Canyon. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles adjacent West Hollywood. There is an excellent unit mix consisting of Six 2 Bedroom / 1 Bathroom, fourteen 1 Bedroom / 1 Bathroom & Two Studio Units which is very desirable for today's rental market. Furthermore, 12 Units are being delivered Vacant at the close of escrow! This is a unique opportunity for a savvy investor to acquire a value-add property and immediately recognize it's potential. Additionally, the properties sit on a large 20,307 sf lot split between two parcels to prevent against ULA Tax for a potential exit strategy.

Essential Information

MLS® #
24373435
Price
$3,650,000
Bedrooms
3
Bathrooms
3.00
Square Footage
9,240
Acres
0.23
Year Built
1949
Type
Residential Income
Status
Active

Community Information

Address
1645 Courtney Avenue
Area
C20 - Hollywood
City
Los Angeles
County
Los Angeles
Zip Code
90046
Senior Community
N

Amenities

Parking Spaces
8

Parking

Driveway Down Slope From Street

Garages

Driveway Down Slope From Street

Interior

Heating
None
Cooling
Wall/Window Unit(s)
# of Stories
2
Stories
Two

Additional Information

Date Listed
March 27th, 2024
Days on Market
32
Zoning
LAR3

Listing Details

Agent
Michael Monempour

Office

Lyon Stahl Investment Real Estate, Inc.

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Michael Monempour - Lyon Stahl Investment Real Estate, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 1:55pm 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.