Listing provided courtesy of Michael Monempour of Kidder Mathews of California, Inc.. Last updated 2019-07-03 09:43:58.000000. Listing information © 2024 CLAW.
Asking Price: $2,500,000
1351 ALTA VISTA, Los Angeles CA 90046
Community: Hollywood
This property was built in 1939 and is priced at $2,500,000. Please see the additional details below.
Kidder Mathews is pleased to present this exclusive investment offering of a 6-unit apartment building with redevelopment potential located in prime Hollywood. The subject property is located at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046 ("Property"). It offers investors and developers a rare opportunity to acquire an existing, character apartment building on a large lot.The Property consists of one structure with a total of 6,296 square feet of rentable space on a single lot with 9,681 square feet of land zoned LAR3. Originally constructed as six apartment buildings and featuring attractive period architecture, the current rents are well-below market due to Los Angeles rent control restrictions. This presents "value-add" potential for an investor or a developer to consider new apartments or condominiums.