1424 Poinsettia Place, Los Angeles, CA 90046
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Sold Price :
$6,000,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1965
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Features |
Ceiling Fan(s) |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
1424 Poinsettia Place |
| City |
Los Angeles |
| State |
CA |
| Zip |
90046 |
| County |
Los Angeles |
| Listing Agent |
Adam Zunder DRE #01821053 |
| Courtesy Of |
Iconic Investments |
| Close Price |
$6,000,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
12,501 |
| Year Built |
1965 |
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.
