1156 Gordon Street

Los Angeles, CA 90038

$1,850,000
Price
6
Beds
6
Baths
4,233 Sq. Ft.
$437 / Sq. Ft.
4,233
Sq. Ft.
$437
per Sq. Ft.

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.
  1. Listed by Anie Mayelian • DRE #00778825 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas • 818-915-9118
  2. Listed by Aleen Mayelian • DRE #02198281 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas

Property Details for 1156 Gordon Street

Parking Spaces Total
5
Private Pool
No
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4233
Assessor Parcel Number
5534-012-024
Property Attached YN
true
LISTING UPDATED: 12/02/2024 01:53 AM

Property Details for 1156 Gordon Street

StatusActive
MLS #SR24242436
Days on Market18
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1910
CountyLos Angeles County

Building Information for 1156 Gordon Street

Building/Complex1156 Gordon StFloor-Stories2Residences-Pet Policy-Year Built1910Building Size-

Property Information for 1156 Gordon Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $150,288
  • Gross Scheduled Income: $150,288
  • Vacancy Allowance: 4508
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $145,779
  • Net Operating Income: $111,694
  • Gross Multiplier: 12.3
  • Cap Rate: 6.0
Expense Details
  • Operating Expense: $34,085
  • New Taxes Expense: $23,125
  • Gardener Expense: $1,080
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $4,500
  • Maintenance Expense: $2,800
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $2,500
  • Total Expenses: $34,085
Tax / Assessment Info
  • Tax Tract Number: 0
  • Tax Census Tract: 1909.02
  • CFD/Mello-Roos Fee: $996
  • Tax Lot: 156
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: Lexington Ave
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 6500-9999
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Driveway, Garage
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway, Garage
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,924
  • Unit Type Total Rent: $1,924
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1

Property History for 1156 Gordon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1156 Gordon Street is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on November 29, 2024 by Keller Williams Realty Calabasas, it's currently listed at $1,850,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Hollywood Elementary, Vine Street Elementary School and Joseph Le Conte Middle School. 1156 Gordon Street is a 6-bed, 6-bath, 4,233 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Calabasas, Anie Mayelian, DRE #00778825; Keller Williams Realty Calabasas, Aleen Mayelian, DRE #02198281

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.