1351 N Alta Vista Boulevard

Description

We are pleased to present this exclusive investment offering of a 6-unit apartment building with redevelopment potential located in prime Hollywood. The subject property is located at 1351 North Alta Vista Boulevard, Los Angeles, CA 90046 ("Property"). It offers investors and developers a rare opportunity to acquire an existing, character apartment building on a large lot. The Property consists of one structure with a total of 6,296 square feet of rentable space on a single lot with 9,681 square feet of land zoned LAR3. Originally constructed as six apartment buildings and featuring attractive period architecture, the current rents are well-below market due to Los Angeles rent control restrictions. This presents "value-add" potential for an investor or a developer to consider new apartments or condominiums.

Listing information courtesy of: Steve Frankel, Coldwell Banker Realty 310-508-5008. *Based on information from the Association of REALTORS/Multiple Listing as of 11/23/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.