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For sale
  • $2,000,000

    1820 Grace Ave, Los Angeles, CA 90028

    --beds
    0baths
    6,916sqft
    : 
    Multi Family
    Built in 1953
    -- sqft lot
    $-- Zestimate®
    $289/sqft
    $-- HOA

    What's special

    Tree-lined street
    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.
    129 days
    on Zillow
    |
    121
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 03, 2025 at 06:51am

    Listed by:

    Michael Sterman DRE # 01911703 818-943-2319,

    Marcus & Millichap 818-212-2700

    Source: CLAW,MLS#: 25506173MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1820 Grace Ave.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Other
    Cooling
    • Window Unit(s)
    Interior area
    • Total structure area: 6,916
    • Total interior livable area: 6,916 sqft

    Property

    Parking
    • Total spaces: 6
    • Parking features: Covered
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 7,701.41 Square Feet
    • Dimensions: 55 x 140
    Details
    • Additional structures: None
    • Zoning: LAR4
    • Special conditions: Standard
    • Other equipment: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1953

    Community & HOA

    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $289/sqft
    • Tax assessed value: $1,062,269
    • Date on market: 4/2/2025
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