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$ 3,350,000
Est. payment /mo
Active
1156 N Cahuenga Boulevard Los Angeles, CA 90038
10,332 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,332 sqft
Price per Sqft $324
MLS Listing ID CRPW25010341
HOA Y/N No
Year Built 1957
Lot Size 9,135 Sqft
Acres 0.21
Property Sub-Type Other
Property Description
This well-maintained property is located in the World-Renowned Hollywood Media District, offering a rare investment opportunity as it hits the market for the first time in over 50 years. With approximately 50% upside in rental income, this property presents significant potential for growth. Governed by the Los Angeles Rent Stabilization Ordinance (LARSO), it ensures compliance with local regulations while offering stability for long term investment. The desirable unit mix includes 14 one-bedroom units and 2 two-bedroom units, each thoughtfully designed with gas cooking, electric heating, hardwood and carpet flooring, and ceiling fans. The building also boasts excellent parking amenities, including twelve tuck-under spaces and two enclosed spots, which are invaluable in an area where parking is often scarce. This combination of prime location, upside potential, and tenant-friendly features makes the property an exceptional investment opportunity.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5533008001
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Listed by Christopher Walker • Triqor Group