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3104996249
Real Estate Company
1540 S Holt Avenue, Los Angeles, CA 90035
- $1,895,000
- 8
- BD
- 4
- BA
- 3,636
- SqFt
Listing courtesy of Listing Agent: Jonny Ahdoot (jonny@ahdootrealty.com) from Listing Office: Realty One Group United.
- List Price
- $1,895,000
- Status
- ACTIVE
- Days on Market
- 8
- MLS#
- 26101815
- Subtype
- Residential Income
- Year Built
- 1938
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,636
- Lot Size
- 7,946
- Acres
- 0.18
- Subdivision
- Tract 7385, Lot 231
- Neighborhood
- Tract 7385, Lot 231
- MLS Area Major
- Beverlywood Vicinity (C09)
Property Description
A rare 1938 Art Deco fourplex on an oversized 7,946 SF corner lot in Pico-Robertson, moments from Beverlywood, Beverly Hills and Century City. Four 2 bed / 1 bath residences of approximately 950 SF each (per owner), each with a separate dining area. Three are remodeled with updated kitchens, updated appliances, newer flooring and permitted split-system A/C. Unit 1546 is remodeled and will be delivered vacant, so an owner-user can move right in or an investor can lease at market on day one. The architecture cannot be replicated today: softly curved corners, arched alcoves, original built-ins and restored vintage tile baths with a soaking tub and a separate stall shower. Lush, park-like grounds and long frontage on Pickford St give each residence uncommon light and privacy. Seismically retrofitted, with copper plumbing, newer water heaters, on-site laundry and two detached double garages. Reliable long-term tenancy with embedded RSO rent growth. Pro forma 4.49% cap rate and 13.3x GRM at the asking price. Value-add upside includes renovating unit 1544 on turnover and potential garage-to-ADU conversions. Zoned [Q]RD1.5-1-O within a Transit Priority Area. The adjacent 6,002 SF lot at 8585 Pickford St is available by separate sale, creating a rare 13,948 SF double lot opportunity on the same block. Walk to the restaurants, cafes and markets of Pico and Robertson Boulevards. The seller is not completing a 1031 exchange, allowing a clean, flexible close.
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Additional Information
- Interior Features
- Chair Rail, Ceiling Fan(s), Recessed Lighting
- Zoning
- [Q]RD1.5-1-O
- Flooring
- Tile
- Appliances
- Dishwasher, Gas Oven, Microwave, Range, Refrigerator, Dryer, Washer
- Heating
- Natural Gas, Wall Furnace
- Exterior Construction
- Frame, Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Composition, Shingle
- Pool Type
- None
- Parking Features
- Assigned, Covered, Door-Multi, Garage, Private
- Garage Spaces
- 4
- School District
- Los Angeles Unified
- View
- Courtyard, Trees/Woods
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.