1435 N Las Palmas Ave, Los Angeles, CA 90028

1435 N Las Palmas Ave, Los Angeles, CA 90028

Los Angeles, CA
$1,890,000

Property Description

We are pleased to present 1435 N Las Palmas Ave, a beautifully remodeled 4-plexoffering an incredible investment opportunity in Prime Central Hollywood. With a total square footage of 3,844 situated on a 5,150square feet lot zoned RD1.5-1XL, these four spacious units consist of Two bedroom / Two bathroom units which also offer in-unit laundry, wood flooring, brand new plumbing, a new roof, modern electrical systems, and extensive renovations to both the kitchens and bathrooms. All units are individually metered for both gas andelectricity. 1435 N Las Palmas Avenue Nestled in the vibrant heart of Hollywood, this property offers unparalleled access to the city’s most iconic attractions. You’re minutes away from the Hollywood Walk of Fame, TCL Chinese Theatre, and the bustling Hollywood & Highland Center. With a Walk Score of 91, you have easy access to nearby parks and recreation areas, including Griffith Park and Runyon Canyon, This property also has excellent public transportation links with proximity to the Hollywood/Vine Metro station making commuting a breeze. This unbeatable location is in Los Angeles’s most dynamic and sought after neighborhood.

Property Features

  • Sale Price: $1,890,000
  • Year Built: 1926
  • Units: 4
  • Current GRM: 16.44
  • Current Cap Rate: 3.85%
  • Market GRM: 14.09
  • Market Cap Rate: 4.84%