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
Heating Y/NNo
Street SuffixAvenue
Total Stories2
General for 1645 Courtney Avenue
Buyer Agent Compensation2.000
Buyer Agent Compensation Type%
Cap Rate5.46
CityLos Angeles
CoolingWall/Window Unit(s)
CountyLos Angeles
Days on Market8
DirectionsEast of Fairfax, West of La Brea & North of Sunset
Gross Income314952
HOA / Comm AssnNo
HeatingNone
LevelsTwo
Lot Size Square Feet9936
MLS AreaC20 - Hollywood
Net Operating Income199430
New ConstructionNo
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories2
Street NameCourtney
Total Units12
Year Built1949
ZoningLAR3
Exterior for 1645 Courtney Avenue
Building Area Total9240
Lot Size Acres0.2281
Lot Size Area9936
Lot Size UnitsSquare Feet
Number of Buildings1
Parking FeaturesDriveway Down Slope From Street
Total Parking8
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480