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1627 N Poinsettia Place Los Angeles, CA $ 5,495,000
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1627 N Poinsettia Place
$ 5,495,000
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1627 N Poinsettia Place

Los Angeles, CA, 90046
$ 5,495,000
Bedrooms22 Baths24.0 Sq 14,817

Monthly Estimate*

$ 38,384

Listed by Miller & Desatnik Realty Co.
1627 N Poinsettia Place, Los Angeles, CA 90046 - Image 1
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1627 N Poinsettia Place, Los Angeles, CA 90046 - Image 3
1627 N Poinsettia Place, Los Angeles, CA 90046 - Image 4
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1627 N Poinsettia Place, Los Angeles, CA 90046 - Image 8
1627 N Poinsettia Place, Los Angeles, CA 90046 - Image 9
1627 N Poinsettia Place, Los Angeles, CA 90046 - Image 10
1627 N Poinsettia Place, Los Angeles, CA 90046 - Image 11

Multi-Family Home for sale in Los Angeles, CA

for $5,495,000 with 22 bedrooms and 24 full baths. This 14,817 square foot home was built in 1965 on a lot size of 0.1937.

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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Multi-Family Active

Price

$ 5,495,000

Bedrooms

22

Full Bath

24

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1937

Year Built

1965

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24362583

Days on Market

61
Features
General
Heating WallFurnace
Appliances Dishwasher Refrigerator
Zoning LAR3
Year Built 1965
View None
Levels ThreeOrMore
Gross Income 419837.0
County Los Angeles
Net Operating Income 250841.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions North of Sunset Blvd. & West La Brea Ave.
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 20
MLS Area C20 - Hollywood
Lot Size Square Feet 8439.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Poinsettia
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Standard Status Active
Year Built Source Assessor
Cap Rate 4.56
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Exterior
Parking Features Underground Gated
Total Parking 22.0
Lot Size Area 8439.0
Number of Buildings 1
Spa N
Building Area Total 14817.0
Lot Dimensions 60x140
Lot Size Acres 0.1937
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 3
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Place
Total Bedrooms 22
Electric On Property Y/N N
Total Baths 24
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Internal Only
Street Number 1 1627
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* Excluded Features
List By
Miller & Desatnik Realty Co.

Broker

(310) 202-9166

Phone

Affordability Calculator

$38,384
Per Month
100%
0%
0%
Monthly Principal & Interest
$38,384
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/27/2024$5,495,000 Listed Price

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1627 N Poinsettia Place, Los Angeles, CA, 90046 is a Multi-Family Home for sale at $5,495,000 with 14,817 sqft and a lot size of 0.1937. 1627 N Poinsettia Place has 22 bedrooms, 24.0 baths, and was built in 1965. The property's zip code is 90046 which is in Los Angeles, CA

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