Property Details
About this Property
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 hopefull
MLS Listing Information
MLS #
CRSR25168311
MLS Source
California Regional MLS
Days on Site
25
Interior Features
Appliances
Oven Range - Gas
Laundry
None
Cooling
None
Heating
Gas
Exterior Features
Foundation
Raised
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 0 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 3 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
901 N El Centro Ave is a Residential Income in Hollywood, CA 90038. This – square foot property sits on a 4,151 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,195,000 and was built in 1924. This address can also be written as 901 N El Centro Ave, Hollywood, CA 90038.
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This listing information is up-to-date as of August 05, 2025. For the most current information, please contact Ricardo Velasquez
