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Property Description

1645 Courtney Avenue and 7706 Hollywood Blvd are being offered for sale for the first time in over 50 Years!The offering consists of 22 Units and 17,580 of rentable living space located in the heart of Hollywood just off of Nichols Canyon. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles adjacent West Hollywood. There is an excellent unit mix consisting of Six 2 Bedroom / 1 Bathroom, fourteen 1 Bedroom / 1 Bathroom & Two Studio Units which is very desirable for today’s rental market. Furthermore, 12 Units are being delivered Vacant at the close of escrow! This is a unique opportunity for a savvy investor to acquire a value-add property and immediately recognize it’s potential. Additionally, the properties sit on a large 20,307 sf lot split between two parcels to prevent against ULA Tax for a potential exit strategy.

Features
: Wall/window Unit(s)
2
0
Additional Information
Lyon Stahl Investment Real Estate, Inc.
0
CLW-C129697
CLW-X82195
Michael
5551013009
: Standard
Two
32

Multi-Family For Sale

1645 Courtney Avenue, Los Angeles, California 90046

9,240 Sqft
$3,650,000
Listing ID #24373435
Basic Details
Status : Active under contract
DaysOnMarket : 33
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24373435
Price : $3,650,000
Living Area : 9,240 Sqft
Lot Size : 9,936 Sqft
Year Built : 1949
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90046
Price Per Square Foot : $395
ModificationTimestamp : 2024-04-29 14:59:06
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