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1627 N Poinsettia Place
USD 5,495,000
Property ID: 24362583
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1627 N Poinsettia Place ,90046
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icon 8439 SqFt
icon Built in 1965
icon USD 651/SqFt
icon 22 Beds
icon 24 Full
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Location Street View
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Interior Details
Bedrooms
22
Bathrooms
24
Interior Size
14817
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1965
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Detailed Introduction Of This Home
1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.
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Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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1627 N Poinsettia Place
USD 5,495,000 22 Beds
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