1613 Hillhurst Ave, Los Angeles, CA 90027
8 Unit Apartment Building | $2,295,000 ($286,875/Unit) | 4.64% Cap Rate | Los Angeles, CA 90027
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,295,000
- Property Type
-
Multifamily
- Square Feet
- 4,418 SF
Listing Contacts
Nicole Apostolos
Verified Profile
- Property Info
Property Overview
1613 Hillhurst Avenue is a 4,418 square foot, garden style 1950's building comprised of eight (8) 1+1 units. Each unit is separately metered for gas and electricity. The property features some copper plumbing, a roof that was installed in 2007, newer vinyl windows and a newer hot water heater. The interior of the property is well kept and features hardwood flooring and some charming original finishes. TWO (2) OF THE UNITS WILL BE DELIVERED VACANT. At the rear of the building there is a laundry room that is not currently in use that can provide additional income for the next owner. The property is situated on a 7,329 square foot lot and there is one parking space for each unit. SELLER MAY CARRY WITH ATTRACTIVE TERMS! Ideally located in Los Feliz, 1613 Hillhurst Ave. provides an excellent opportunity to own in one of the most highly sought-after areas of Los Angeles. The property is located on Hillhurst Ave., between Sunset Blvd. & Prospect Ave. offering easy access to the 101 and 5 freeways as well as the Greek Theater and Griffith Park. Tenants and owners alike are attracted to this area because of the local bars, restaurants, services and shopping in the immediate vicinity including, Lassens, Lazy Acres, Trader Joe's, Home, Bar Covell, Little Dom's, Messhall and The Alcove. As well as close proximity to major employment hubs such as Downtown LA, Hollywood & Koreatown. The subject property is located in the city of Los Angeles and is subject to LARSO.
Property Details
- Class
- C
- Year Built
- 1952
- Stories
- 2
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 8
Highlights
- SELLER MAY CARRY WITH ATTRACTIVE TERMS!
- Prime Location on Hillhurst Ave. between Sunset Blvd. & Prospect Ave - Deemed a 'Walker's Paradise' with a walk score of 95/100!
- All 1+1 Units! - ADU Potential - Buyer to Verify
- TWO (2) UNITS DELIVERED VACANT!
- Separately Metered for Gas and Electricity
- Some Copper Plumbing, New roof in 2007 - Newer Vinyl Windows! Hot Water Heater Installed 2019!
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