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Property Description

We are pleased to present for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access via both Regal Place and Fredonia Drive. Soft story retrofitting has been completed and a certificate of completion has been issued. 3625 Regal is ideally located on a quiet cul-de-sac in close proximity to Hollywood, Universal City and Studio City. The property is walking distance to an amazing assortment of dining and entertainment options including The Baked Potato, Miceli’s and Good Neighbor. 3625 Regal generates fantastic income equating to a cap rate of over 4.5% with remaining upside of approximately 45%. This is a rare turnkey asset allowing for favorable financing yet with tremendous upside potential.

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Additional Information
REMAX COMMERCIAL & INVESTMENT REALTY
0
CLW-X68263
CLW-X75383
Robert
2425004025
: Standard
Multi/Split
32

Multi-Family For Sale

3625 Regal Place, Los Angeles, California 90068

12,357 Sqft
$4,995,000
Listing ID #24370458
Basic Details
Status : Active under contract
DaysOnMarket : 32
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24370458
Price : $4,995,000
Living Area : 12,357 Sqft
Lot Size : 11,763 Sqft
Year Built : 1964
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90068
Price Per Square Foot : $404
ModificationTimestamp : 2024-04-19 09:44:45
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