1156 Gordon Street
$1,850,000
6
6
4,233
4,233
$437
Description
We are pleased to present an unbeatable value add investment opportunity with immense rental upside in the heart of Hollywood! Standing on a +/- 6,504 sq ft. lot on the corner of Lexington Ave and Gordon St is a 6 unit building with 5 UNITS DELIVERED VACANT. There are 2 structures on the lot consisting of a 4 unit building and a duplex. All units are spacious and feature 1920's period details. Consists of six 1 bedroom / 1 bath units. The building has a newer roof, copper plumbing, and separate meters...We are pleased to present an unbeatable value add investment opportunity with immense rental upside in the heart of Hollywood! Standing on a +/- 6,504 sq ft. lot on the corner of Lexington Ave and Gordon St is a 6 unit building with 5 UNITS DELIVERED VACANT. There are 2 structures on the lot consisting of a 4 unit building and a duplex. All units are spacious and feature 1920's period details. Consists of six 1 bedroom / 1 bath units. The building has a newer roof, copper plumbing, and separate meters for gas and electric. The vacant units present the perfect opportunity to cosmetically remodel the interiors and achieve market rents. The occupied unit is already rented at close to market. When the vacant units are remodeled and rented, the building will generate approximately $150,288 in gross income and operate at a cap rate of at least 6%. The lot also includes 2 garages and an uncovered parking area, which can be used to build 1 or more ADUs for additional income. Less than 1 mile from the Netflix HQ, Paramount Pictures, and many other entertainment/media companies, the building is in a highly desirable rental market with close proximity to Hollywood attractions, the 101 freeway, and Downtown LA.
- Listed by Anie Mayelian • DRE #00778825 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas • 818-915-9118
- Listed by Aleen Mayelian • DRE #02198281 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas
Property Details for 1156 Gordon Street
Parking Spaces Total
5
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area4233
Assessor Parcel Number5534-012-024
Property Attached YNtrue
LISTING UPDATED: 12/02/2024 01:53 AM
Property Details for 1156 Gordon Street
Status | Active |
---|---|
MLS # | SR24242436 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1910 |
County | Los Angeles County |
Building Information for 1156 Gordon Street
Building/Complex1156 Gordon StFloor-Stories2Residences-Pet Policy-Year Built1910Building Size-
Property Information for 1156 Gordon Street
Property History for 1156 Gordon Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1156 Gordon Street
Taxable ValueLand$321,951Additions$193,163Total$515,114
Tax Record2024$7,172 ($598 / month)
Home Facts
Total Finished SqFt4,233 SqFtAbove Grade Finished SqFt4,233 SqFtLot Size6,504 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningLAR3CountyLOS ANGELESAPN5534-012-024
Schools near 1156 Gordon Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Hollywood Elementary PublicK to 5 | ||
Vine Street Elementary School PublicK to 6 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
STEM Academy at Bernstein High Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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