1627 North Poinsettia Place
1627 North Poinsettia Place
$5,495,000
22
24
14,817
14,817
$371
Description
1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently...1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.
- Listed by Errol Spiro • DRE #00893163 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.
Property Details for 1627 North Poinsettia Place
Zoning
LAR3
StyleArt Deco
Parcel Number5548009033
Total Units20.0
Living Area14817
Source Living AreaAssessor
AreaHollywood (C20)
Vacancy Rate12,595
Location
LISTING UPDATED: 03/05/2024 12:01 AM
Property Details for 1627 North Poinsettia Place
Status | Active |
---|---|
MLS # | 24-362583 |
Days on Market | 65 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1965 |
Lot Size | 0.19 AC / 8,439 SF |
County | Los Angeles County |
Location
Building Information for 1627 North Poinsettia Place
Stories3Residences-Year Built1965Building Size-Lot Size0.19 AC / 8,439 SF
Payment Calculator
$36,420 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1627 North Poinsettia Place
Property History for 1627 North Poinsettia Place
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 1627 North Poinsettia Place
Taxable ValueLand$4,620,723Additions$1,650,290Total$6,271,013
Tax Record2023$77,182 ($6,432 / month)
Home Facts
Total Finished SqFt14,817 SqFtAbove Grade Finished SqFt14,817 SqFtLot Size8,436 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLAR3CountyLOS ANGELESAPN5548-009-033
Schools near 1627 North Poinsettia Place
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Gardner Street Elementary School PublicK to 5 | ||
Hubert Howe Bancroft Middle School Public6 to 8 | ||
Hollywood Senior High School Public9 to 12 | ||
Larchmont Charter School CharterK 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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