1820 Grace Avenue, Los Angeles, CA 90028

  • $2,000,000
  • $2,200,000
1820 Grace Avenue, Los Angeles, CA 90028
Active
1820 Grace Avenue, Los Angeles, CA 90028
1820 Grace Avenue, Los Angeles, CA 90028
  • $2,000,000
  • $2,200,000

Description

We are pleased to present 1820 Grace Ave, a 10 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + one bathroom unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot.1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood’s central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area’s connectivity to the rest of Los Angeles.1820 Grace Ave represents a unique value-add opportunity for investors due to the property’s location and rental upside. The property offers a initial CAP rate of 5.62% with the ability to improve to a 8.29%CAP rate once units turnover.

  • Address 1820 Grace Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90028
  • Country US

Details

Updated on April 3, 2025 at 9:22 pm
  • Property ID: 25506173
  • Price: $2,000,000
  • Property Size: 6916
  • Land Area: 0.1768 Acres
  • Garage Size: x x
  • Year Built: 1953
  • Property Type: Residential Income
  • Property Status: Active

Contact Information

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  • Hoyt Hochman