Charming 5-Unit Multifamily Property in Prime Hollywood Location – Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Two units will be delivered vacant at close, offering a rare opportunity for an owner-user or investor to lease at market rates — currently ranging from $1,600 to $1,900/month — or move in and enjoy the unbeatable location. Tenants are responsible for their own gas and electricity, while the building covers water and trash, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LA’s most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities. PLEASE NOTE: Ownership will conduct a 1031 exchange which should hopefully take no more than 45-60 days.
For sale
Listing Provided by:
Ricardo Velasquez DRE #01783509 818-355-2549,
LRS Realty & Management Inc.
$1,195,000
901 N El Centro Ave, Los Angeles, CA 90038
5beds
5baths
2,350sqft
Est.:
Multi Family
Built in 1924
-- sqft lot
$1,186,100 Zestimate®
$509/sqft
$-- HOA
What's special
New flooringModernized bathrooms
- 14 days
- on Zillow |
- 614 |
- 40 |
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 09:02am
Listing Provided by:
Ricardo Velasquez DRE #01783509 818-355-2549,
LRS Realty & Management Inc.
Source: CRMLS,MLS#: SR25168311
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Gas Range, Water Heater
- Laundry: None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total structure area: 2,350
- Total interior livable area: 2,350 sqft
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 4,151 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5534028013
- Zoning: LAR3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Foundation: Raised
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $509/sqft
- Tax assessed value: $393,301
- Annual tax amount: $5,546
- Date on market: 7/26/2025
- Listing terms: 1031 Exchange
- Tenant pays: Electricity, Gas
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