Los Angeles, CA 90046 1645 Courtney Avenue
$3,650,000
51 more
Presented By: Michael Monempour with Lyon Stahl Investment Real Estate, Inc.;
Home Details
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.
Presented By: Michael Monempour with Lyon Stahl Investment Real Estate, Inc.;
Interior Features for 1645 Courtney Avenue
Bedrooms
Total Bedrooms16
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths12
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2
General for 1645 Courtney Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.46
Carport Y/NNo
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
Days on Market33
DirectionsEast of Fairfax, West of La Brea & North of Sunset
Garage Y/NNo
Gross Income314952.0
HOA / Comm AssnNo
HeatingNone
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet9936.0
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income199430.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NameCourtney
Total Units12
View Y/NNo
Waterfront Y/NNo
Year Built1949
ZoningLAR3
Exterior for 1645 Courtney Avenue
Building Area Total9240.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2281
Lot Size Area9936.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesDrivewayDownSlopeFromStreet
SpaNo
Total Parking8.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480