1129 Lodi Place
Los Angeles, CA 90038
- – beds
- – baths
- – sqft
- 6,766 sqft lot
- 1953 build
- – on site
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Huge 700k Price Reduction! 8-unit building with 7 fully renovated units in Prime Hollywood cash flowing at an incredible Current Cap Rate of 6.1% and 11.9 GRM from day 1! The 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements (4 vacant). The unit mix provides unparalleled versatility, including 2 spacious (2bed/3bath) units ideal for families, as well as 6 modern (1bed/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. Furthermore, there's an additional upside to 6.9% Cap Rate and 10.7 GRM on proforma. The property is located in the heart of the Hollywood entertainment industry just minutes away from Netflix studios, Paramount Studios, and Netflix Corporate office. Located just steps away from the world-famous Sunset Blvd, the property offers close proximity to neighborhood attractions, restaurants, bars, and shops such as the Hollywood Walk of Fame, Highlight Room, TAO, Bar-Lis, Dream Hotel, Thompson Hotel, and many more popping up all around the area.
Last checked:
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Last updated Feb 5, 2025
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MLS# 24391925 —
The Building
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Year Built:1953
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New Construction:No
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Building Area Total:5212.00
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Total Number Of Units:8
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# of Buildings:2
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Stories Total:2
Interior
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Levels:Two
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Laundry:Inside
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Laundry:1
Location
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Directions:From Santa Monice Turn North ontop Lodi Place, the property is mid Block on the left (West) side.
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Latitude:34.09162100
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Longitude:-118.32359300
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:6766.0000
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Lot Size Acres:0.1553
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Lot Size SqFt:6766.00
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Lot Size Source:Owner
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5534007017
Heating & Cooling
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Heating:1
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Heating:Zoned, Electric
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned, Carport, Tandem Garage
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Parking Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/21/24
Jun 21, 2024
|
Sold | CRMLS_CA | $2,810,000 | -9.4% |
|
6/11/24
Jun 11, 2024
|
Pending | CRMLS_CA | $3,100,000 | |
|
5/30/24
May 30, 2024
|
Sold Subject To Contingencies | CRMLS_CA | $3,100,000 |
