1424 Poinsettia Place

Los Angeles, CA 90046

$6,000,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $328 / sqft

1965

calendar_month Built

Property Description

We are pleased to present the opportunity to acquire a value-add multifamily property located in the West Hollywood/Hollywood submarket of Los Angeles. This charming property is located at 1424 N. Poinsettia Place and is comprised of 24 units across +/- 22,251 square feet of improvements and +/- 12,632 square feet of land. The Poinsettia Place Apartments is conveniently located on Poinsettia Place, just south of Sunset Blvd., between La Brea Ave. and Martel Ave., north of Fountain Ave. Built in 1965, the property is made up of 12 One-Bedroom / One-Bath units, and 12 Two-Bedroom / Two-Bath units. The quiet and picturesque street makes the building highly desirable to potential tenants. The building is individually metered for electricity and master metered for water and gas for the central water heater. Ample 40 space covered parking is accessed via gated entry. Great location in Los Angeles borders West Hollywood. Tenants can easily enjoy all of the work, dining, and entertainment opportunities nearby. The new ownership can renovate, remodel and reposition units as the units turn capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of nearby hotel renovations and development projects completed. Please contact agents for full offering memorandum.

Listing Information

Close Price $6,000,000
Close Date Friday, December 1st, 2023
Status Closed
MLS 23323887
Type Residential Income
Year Built 1965
Lot Size 12,501
Structure Size N/A
DOM 42
Courtesy Of Iconic Investments
Listing Agent Adam Zunder DRE#01821053

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Adam Zunder, Iconic Investments . *Based on information from the Association of REALTORS/Multiple Listing as of Dec 1st, 2023 at 1:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.