CA > Los Angeles
Los Angeles, CA 90034,2038 S Holt AVE
Los Angeles, CA 90034,2038 S Holt AVE
Los Angeles, CA 90034,2038 S Holt AVE
Los Angeles, CA 90034,2038 S Holt AVE
Los Angeles, CA 90034,2038 S Holt AVE
Los Angeles, CA 90034,2038 S Holt AVE
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Baruch Rosenberg

Baruch Rosenberg

+1(619) 436-9500
$ 3,150,000
Est. payment | /mo

23 Beds

20 Baths

12,456 SqFt

Save
$ 3,150,000
Est. payment | /mo
Save

23 Beds

20 Baths

12,456 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,456 sqft

Price per Sqft $252

MLS Listing ID 25533713

Bedrooms 23

HOA Y/N No

Year Built 1961

Lot Size 0.290 Acres

Property Description

This well maintained property represents the best value in La Cienega Heights. At $196 per unit and 11.5 times Gross, it is clearly the "Best in Class". There is (1) 3BR/2BA, (4) 2BR/2BA, (4) 2BR/1BA, (6)1BR/1BA and (1) Studio. The LA County Assessors list the property as 15 units, but it is operating as 16. The units are huge with a courtyard style layout and a pool. It has been in the family for 51 years, and managed professionally for decades. The property just benefitted from installation of brand new electrical service last year (by permit), and it has been retrofitted for EQ. There are 15 tuck-under parking spaces and a gated entry for security and convenience. It is 3 blocks from Kaiser West LA, and walking distance from Culver City Arts District, HBO, Amazon, Apple, and the Culver Steps. The rental upside is approximately 75%, resulting in a Pro-forma cap rate of 10.08%!! The property is being sold in conjunction with 2314 Corning, and be purchased together or separately. Don't miss this rare bargain!

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LARD1.5

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Assigned, Covered

Community Features Gated

Total Parking Spaces 15

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4302027029

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Keith Moret • Lyon Stahl Investment Real Estate, Inc.

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agent
Baruch Rosenberg

Agent | License ID: 01709370

+1(619) 436-9500

1420 Kettner Blvd # 100, Diego, Ca., 92101, United States

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2038 S Holt AVE