Los Angeles, CA 90034,2038 S Holt Avenue
Los Angeles, CA 90034,2038 S Holt Avenue
Los Angeles, CA 90034,2038 S Holt Avenue
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$3,150,000
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12,456 SqFt
Active

2038 S Holt Avenue Los Angeles, CA 90034

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 12,456 sqft

Price per Sqft $252

MLS Listing ID CL25533713

HOA Y/N No

Year Built 1961

Lot Size 0.290 Acres

Acres 0.29

Property Sub-Type Other

Property Description

This well maintained property represents the best value in La Cienega Heights. At $196 per unit and 11.5 times Gross, it is clearly the "Best in Class". There is (1) 3BR/2BA, (4) 2BR/2BA, (4) 2BR/1BA, (6)1BR/1BA and (1) Studio. The LA County Assessors list the property as 15 units, but it is operating as 16. The units are huge with a courtyard style layout and a pool. It has been in the family for 51 years, and managed professionally for decades. The property just benefitted from installation of brand new electrical service last year (by permit), and it has been retrofitted for EQ. There are 15 tuck-under parking spaces and a gated entry for security and convenience. It is 3 blocks from Kaiser West LA, and walking distance from Culver City Arts District, HBO, Amazon, Apple, and the Culver Steps. The rental upside is approximately 75%, resulting in a Pro-forma cap rate of 10.08%!! The property is being sold in conjunction with 2314 Corning, and be purchased together or separately. Don't miss this rare bargain!

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 4302027029


Bridge MLS
Listed by Keith Moret • Lyon Stahl Investment Real Estate, Inc.

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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2038 S Holt Avenue