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1424 N Poinsettia Pl, Los Angeles, CA 90046
$6,000,000
1424 N Poinsettia Pl, Los Angeles, CA 90046View this property at 1424 N Poinsettia Pl, Los Angeles, CA 90046
1424 N Poinsettia PlLos AngelesCA90046
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Property Description
We are pleased to present the opportunity to acquire a value-add multifamily property located in the West Hollywood/Hollywood submarket of Los Angeles. This charming property is located at 1424 N. Poinsettia Place and is comprised of 24 units across +/- 22,251 square feet of improvements and +/- 12,632 square feet of land. The Poinsettia Place Apartments is conveniently located on Poinsettia Place, just south of Sunset Blvd., between La Brea Ave. and Martel Ave., north of Fountain Ave. Built in 1965, the property is made up of 12 One-Bedroom / One-Bath units, and 12 Two-Bedroom / Two-Bath units. The quiet and picturesque street makes the building highly desirable to potential tenants. The building is individually metered for electricity and master metered for water and gas for the central water heater. Ample 40 space covered parking is accessed via gated entry. Great location in Los Angeles borders West Hollywood. Tenants can easily enjoy all of the work, dining, and entertainment opportunities nearby. The new ownership can renovate, remodel and reposition units as the units turn capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of nearby hotel renovations and development projects completed. Please contact agents for full offering memorandum.
Full Property Details
Full Property Details for 1424 N Poinsettia Pl
General
- Sold For: $6,000,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-323887
- Added to Site: 192 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 36
Bedrooms
- Total Bedrooms: 36
Additional Information
- Other Features: None
Parking
- Garage Description: Community Garage
Location
- Area: Hollywood
- County: Los Angeles
- Driving Directions: Just West of La Brea Blvd and just South of Sunset Blvd and North of Fountain. A True Prime Location.
Heating & Cooling
- Cooling Type: Wall/Window, Air Conditioning
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 4
- Square Feet: 22,251
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1965
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 24
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.287
- Lot Size: 12501
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $328.08
- Assessment Year: 1965
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5548-019-033
Listed and Sold by Iconic Investments, Adam Zunder
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Schools
Schools serving 1424 N Poinsettia Pl
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
7450 Hawthorn Ave, Los Angeles, CA 90046 | K-6 | 0.3 mi | |
929 N Las Palmas Ave, Los Angeles, CA 90038 | 6-8 | 0.9 mi | |
1521 N Highland Ave, Los Angeles, CA 90028 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1424 N Poinsettia Pl
Date
Details
Price
Change
Source
12/01/2023
Sold
$6,000,000
-17.81%
MLS
10/20/2023
Listed
$7,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1424 N Poinsettia Pl, Los Angeles, CA 90046 (MLS# 23-323887) is a Multi-Family property that was sold at $6,000,000 on December 01, 2023. Want to learn more about 1424 N Poinsettia Pl? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.