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$2,300,000

Est. payment - /mo

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9 Beds

8 Baths

5,524 SqFt

Active

1043 S Holt AVE Los Angeles, CA 90035

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Jerry And Rachel Team Hsieh

jerryandrachelteam@gmail.com +1(424) 242-8856

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,524 sqft

Price per Sqft $416

MLS Listing ID 25607081

Bedrooms 9

HOA Y/N No

Year Built 1957

Lot Size 6,377 Sqft

Property Description

1043 S. Holt Avenue presents a rare opportunity to acquire a well-maintained six-unit multi-family asset in the heart of Pico Robertson, one of Los Angeles's most desirable and centrally located rental neighborhoods. Priced at $2,300,000, the property offers both immediate occupancy flexibility andstrong investment fundamentals. Four units will be delivered vacant at close of escrow, including a spacious 3-bedroom, 2-bath owner's unit, ideal for an owner-user or investor seeking to maximize rentalincome and long-term appreciation. Once vacant units stabilizes, the asset is projected to operate at anapproximate 6.0 % CAP rate and 11.14 GRM, highlighting both its solid current performance and futureincome growth potential with proforma CAP rate 7.14% and 9.83 GRM! Originally constructed in 1956 and offered for the first time by the original builder's family, thislegacy property combines mid-century character with a proven income profile. The 5,524-square-footbuilding sits on a 6,381-square-foot lot and features a desirable unit mix of four 1-bedroom + 1-bathunits, one 2-bedroom + 2-bath unit, and one 3-bedroom + 2-bath unit, an ideal configuration forbroad tenant appeal and strong rentability. Seismic retrofit plans have already been approved by the City and will be included in the sale, providing a clear path to compliance for the next owner. Located in the Pico Robertson district, 1043 S. Holt Avenue offers residents exceptional access tomajor employment and lifestyle centers including Beverly Hills, Century City, Culver City, and WestHollywood. The neighborhood is known for its walkable community atmosphere, diverse dining scene,and convenient proximity to transit and major thoroughfares, making it one of the most consistentlysought-after rental markets in Los Angeles.1043 S. Holt Avenue represents a rare opportunity to acquire a well-located, generational West Los Angeles asset with multiple avenues for future growth. The property is being presented in as-is condition, with two tenants currently in place and 4 vacant units! Can be sold together with 8536 Saturn St. 6-Unit APN # 4303-033-007

Location

State CA

County Los Angeles

Area C19 - Beverly Center-Miracle Mile

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Oven, Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Attached Carport, Carport

Pool None

View Y/N Yes

View City Lights

Total Parking Spaces 6

Private Pool No

Building

Faces East

Story 2

Entry Level Two

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4332024029

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Eric Sackler Coldwell Banker Realty #01057377

NEARBY SCHOOL & BUSINESS

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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1043 S Holt AVE Los Angeles, CA 90035

Jerry And Rachel Team Hsieh

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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1043 S Holt AVE