Los Angeles, CA 90046 1627 N Poinsettia Place
$5,495,000
6 more
Presented By: Errol Spiro with Miller & Desatnik Realty Co.
Home Details
1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.
Presented By: Errol Spiro with Miller & Desatnik Realty Co.
Interior Features for 1627 N Poinsettia Place
Bedrooms
Total Bedrooms22
Bathrooms
1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths24
Other Interior Features
LivingAreaSourceAssessor
Heating Y/NYes
Street SuffixPlace
Total Stories3
General for 1627 N Poinsettia Place
AppliancesDishwasher, Refrigerator
Buyer Agent Compensation2.000
Buyer Agent Compensation Type%
Cap Rate4.56
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsNorth of Sunset Blvd. & West La Brea Ave.
Gross Income419837
HOA / Comm AssnNo
HeatingWall Furnace
LevelsThree Or More
Lot Size Square Feet8439
MLS AreaC20 - Hollywood
Net Operating Income250841
New ConstructionNo
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Street NamePoinsettia
Total Units20
ViewNone
View Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningLAR3
Exterior for 1627 N Poinsettia Place
Building Area Total14817
Lot Dimensions60x140
Lot Size Acres0.1937
Lot Size Area8439
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
LotDimensionsSourceAssessor
Number of Buildings1
Parking FeaturesUnderground, Gated
Total Parking22
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480