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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,300,000

Est. payment - /mo

4 Beds

4 Baths

2,374 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,374 sqft

Price per Sqft $547

MLS Listing ID 26644191

Bedrooms 4

HOA Y/N No

Year Built 1940

Lot Size 7,352 Sqft

Property Description

We are pleased to present a very rare opportunity to acquire 833 N Poinsettia Pl, a West Hollywood-adjacent 4-Unit multifamily building.Available for the first time since 1988, the property is ideally situated between Santa Monica Blvd and Melrose Ave, within close distance to some of Los Angeles' most iconic dining, nightlife, and shopping destinations. 833 N Poinsettia Pl boasts a prime location with exceptionally high tenant demand and easy access to other coveted employer hubs including Beverly Hills, Century City, Hollywood, and the Miracle Mile. This property sits on a 7,349 Square Foot lot with 2,374 Square Feet of gross building area. The property consists of Four (1) One-Bedroom Units that are each individually metered for utilities. Tenants also benefit from Six (6) on-site private parking spots, Four (4) garage spots and Two (2)along the driveway, as well as dedicated storage areas.This is a rare opportunity to acquire a coveted asset in one of the most competitive rental submarkets in Los Angeles. With current rents approximately 58% below market, the property provides clear value-add potential for investors, while also offering significant existing cash flow and strong long-term appreciation potential.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning LAR3

Interior

Fireplace No

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5526007023

Special Listing Condition Standard

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Listed by John Boyett CBRE #02056759

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833 N Poinsettia PL Los Angeles, CA 90046