1820 Grace Avenue
Los Angeles, CA 90028
- – beds
- – baths
- – sqft
- 7,702 sqft lot
- 1953 build
- – on site
We are pleased to present 1820 Grace Ave, a 10 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + one bathroom unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot.1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1820 Grace Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.74% with the ability to improve to a 7.45%CAP rate once units turnover.
Last checked:
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Last updated Mar 4, 2025
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MLS# 25506173 —
The Building
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Year Built:1953
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New Construction:No
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Building Area Total:6916.00
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Total Number Of Units:10
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:On Grace between Franklin Ave and Yucca St
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Latitude:34.10450500
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Longitude:-118.33186700
The Property
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Property Type:Residential Income
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Zoning:LAR4
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Lot Size Area:7702.0000
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Lot Size Dimensions:55x140
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Lot Size Acres:0.1768
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Lot Size SqFt:7702.00
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:5547006004
Appliances
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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:Covered
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Parking Spaces:5.00
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 |
|---|---|---|---|---|
|
3/3/25
Mar 3, 2025
|
Listed / Active | CRMLS_CA | $2,200,000 |
