1156 N Cahuenga Boulevard

Los Angeles, CA 90038

$3,500,000

List Price

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1957

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Property Description

This well-maintained property is located in the World-Renowned Hollywood Media District, offering a rare investment opportunity as it hits the market for the first time in over 50 years. With approximately 50% upside in rental income, this property presents significant potential for growth. Governed by the Los Angeles Rent Stabilization Ordinance (LARSO), it ensures compliance with local regulations while offering stability for long term investment. The desirable unit mix includes 14 one-bedroom units and 2 two-bedroom units, each thoughtfully designed with gas cooking, electric heating, hardwood and carpet flooring, and ceiling fans. The building also boasts excellent parking amenities, including twelve tuck-under spaces and two enclosed spots, which are invaluable in an area where parking is often scarce. This combination of prime location, upside potential, and tenant-friendly features makes the property an exceptional investment opportunity.

Listing Information

List Price $3,500,000
Status Active
MLS PW25010341
Type Residential Income
Subtype Apartment
Year Built 1957
Lot Size 9,135
Structure Size N/A
Courtesy Of Triqor Group
Listing Agent Christopher Walker DRE#01905338

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Christopher Walker, Triqor Group . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 16th, 2025 at 6:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.