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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
    : 
    Multi Family
    Built in 1924
    -- sqft lot
    $1,186,100 Zestimate®
    $509/sqft
    $-- HOA

    What's special

    New flooringModernized bathrooms
    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.
    14 days
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    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#: SR25168311MLS LogoOriginating MLS: California Regional MLS
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    Next available tour time:Today at 4pm

    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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