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1156 Gordon Street

Los Angeles, CA 90038

– beds
– baths
– sqft
6,506 sqft lot
1910 build
– on site

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 CRMLS_CA / Anie Mayelian / Keller Williams Realty Calabasas / 818-915-9118

Last checked: Checking… • Last updated Dec 2, 2024 •

MLS# SR24242436 —

The Building

Year Built:

1910
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

1 Common Wall
Building Area Total:

4233.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

6
Stories Total:

2
# of Separate Gas Meters:

7
# of Separate Water Meters:

1
# of Separate Electric Meters:

7

Interior

Levels:

Two
Entry Location:

Lexington Ave
Laundry:

Community
Laundry:

1

Location

Directions:

Gordon St & Lexington Ave
Latitude:

34.09243000
Longitude:

-118.31977700

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LAR3
Lot Features:

Lot 6500-9999
Lot Size Area:

6506.0000
Lot Size Acres:

0.1494
Lot Size SqFt:

6506.00
Lot Size Source:

Assessor
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1909.02
Tax Lot:

156

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5534012024

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Suburban
Pool:

None
Private Pool:

No
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Driveway, Garage
Parking Spaces:

5.00
Garage Spaces:

2.00
Uncovered Spaces:

3.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
12/2/24 Dec 2, 2024	Listed / Active	CRMLS_CA	$1,850,000

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This multifamily located in Central LA, Los Angeles, CA 90038 is currently for sale for $1,850,000. 1156 Gordon Street is a – square foot multifamily with – beds and – baths that has been on Estately for 0 days. 1156 Gordon Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 88, making it very walkable. This multifamily is in the attendance area of Vine Street Elementary School and Hollywood Elementary School.

Listing Courtesy of: CRMLS_CA and Keller Williams Realty Calabasas. Based on information from California Regional Multiple Listing Service, Inc. as of 10:21 on Dec 02.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.