Active
1627 N Poinsettia Pl
Los Angeles CA, 90046
$5,495,000
$370.86 per sqft
Active
22 Beds
24 Baths
14,817 sqft
Residential
Built in 1965
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.
24-362583
MLSⓇ ID
February 26, 2024
Listed
May 9, 2024
Updated
Map
1627 N Poinsettia Pl
Los Angeles CA, 90046
Interior Features
Total Stories
3
Bedrooms
22
Total Bathrooms
24
Appliances
Refrigerator, Range/Oven, Elevator, Dishwasher
Fireplace
No
Cooling
Yes
Cooling Description
Air Conditioning
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.19 Acres
Architectual Style
Art Deco
Other Property Details
Area Name
Hollywood
Days on Market
8
Garage
No
Parking
Subterranean, Gated
Parking Total
22
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Errol Spiro with Miller & Desatnik Realty Co.
Listing Contact: 310-202-9166
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©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024