Sold

1424 N Poinsettia Pl

Los Angeles CA, 90046

$6,000,000


$269.65 per sqft

Sold

36 Beds

36 Baths

22,251 sqft

Multi-family

Built in 1965

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.

23-323887

MLS ID

October 20, 2023

Listed

July 13, 2024

Updated

Map

1424 N Poinsettia Pl
Los Angeles CA, 90046

Interior Features

Total Stories

4


Bedrooms

36


Total Bathrooms

36


Appliances

Ceiling Fan, Garbage Disposal, Elevator


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window, Air Conditioning


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.29 Acres

Other Property Details

Area Name

Hollywood


Days on Market

42


Garage

Yes


Parking

Community Garage


Parking Total

40


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

12/1/2023

Price Change

$6,000,000

-18%

12/1/2023

Sold

$6,000,000

Listed by Adam Zunder with Iconic Investments
Listing Contact: 747-214-0470 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Tamkin Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/13/2024

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