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844 Holt Avenue
Los Angeles, CA 90035
Sold
Presenting this rare 6-unit multifamily investment opportunity in one of L.A.'s most desirable cosmopolitan areas. 844 S. Holt Ave is a chance to own and operate a classic mid-century apartment building with upside potential. 3 two-BR and 3 one-BR units comprise this building with 5,397 sq ft gross rentable area on a 5,999 sq ft lot. Total current rents are below market rates in the area. Coupled with a value add opportunity to either partially or fully renovate 5 of the units with potential 4.7% cap rate. Unit 2 is fully-renovated and currently vacant. Additional features include 6 parking spaces and laundry room on-site. The coin laundry and annual oil royalties provide additional passive income. The building is centrally located near Beverly Hills, WeHo and Century City. Plus it is within walking distance to recreation, dining, houses of worship and the new La Cienega subway station (opening 2024) for current and future value growth.
PROPERTY INFORMATION
| MLS # | 23236283 | Lot Size | 5,999 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,895,000
Price Per SqFt: $ 536 |
DOM | 806 Days |
| Address | 844 Holt Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 5,397 Sq. Ft. |
| Postal Code | 90035 | Garage | N/A |
| County | Los Angeles | Year Built | 1956 |
| Bed / Bath | 9 / 0 | Parking | 6 |
| Built In | 1956 | Status | Closed |
| Sold Date | 2023-04-05 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Natural Gas |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Wood |
| Has Spa | No |
| SpaDescription | None |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
Walk Score: 88 (Very Walkable)
Transit Score: 61 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $3,088
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/05/2023 | Sold | $2,365,000 |
| 03/21/2023 | Pending | $2,895,000 |
| 03/07/2023 | Active Under Contract | $2,895,000 |
| 02/23/2023 | Relisted | $2,895,000 |
| 02/17/2023 | Listed | $2,895,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Christopher Gray, Beverly and Company, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
