About 1627 N Poinsettia Pl
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.
Features of 1627 N Poinsettia Pl
| MLS® # | 24-362583 |
|---|---|
| Price | $5,495,000 |
| Bedrooms | 22 |
| Bathrooms | 24.00 |
| Square Footage | 14,817 |
| Acres | 0.19 |
| Year Built | 1965 |
| Type | Residential Income |
| Sub-Type | Apartment Building |
| Style | Art Deco |
| Status | Active |
Community Information
| Address | 1627 N Poinsettia Pl |
|---|---|
| Area | Hollywood |
| City | LOS ANGELES |
| County | Los Angeles |
| State | CA |
| Zip Code | 90046 |
Amenities
| Parking Spaces | 22 |
|---|---|
| Garages | Subterranean, Gated |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall |
|---|---|
| Cooling | Air Conditioning |
| Fireplace | No |
| # of Stories | 3 |
| Has Basement | No |
Additional Information
| Date Listed | February 26th, 2024 |
|---|---|
| Days on Market | 81 |
| Zoning | LAR3 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Errol Spiro (00893163) |
|---|---|
| Office | Miller & Desatnik Realty Co. |