$2,200,000
$3,650,000
39.7%For more information regarding the value of a property, please contact us for a free consultation.
1645 Courtney Ave Los Angeles, CA 90046
16 Beds
12 Baths
9,240 SqFt
Key Details
Sold Price $2,200,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 9,240 sqft
Price per Sqft $238
MLS Listing ID 24-373435
Sold Date 06/18/24
Bedrooms 16
Year Built 1949
Lot Size 9,936 Sqft
Acres 0.2281
Property Description
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.
Location
State CA
County Los Angeles
Area Hollywood
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating None
Cooling Wall/Window
Equipment None
Exterior
Garage Above Street Level
Garage Spaces 8.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Lyon Stahl Investment Real Estate, Inc.
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Broker | License ID: DRE#01976964