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
January 14, 2025
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.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 1/14/2025