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.
For sale
$2,000,000
1820 Grace Ave, Los Angeles, CA 90028
--beds
0baths
6,916sqft
Est.:
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$289/sqft
$-- HOA
What's special
Tree-lined street
- 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#: 25506173

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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