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(323) 864-4211
Linda Roth Burrell
1540 S Holt Ave, Los Angeles, CA 90035
- $1,895,000
- 8
- BD
- 4
- BA
- 3,636
- SqFt
- List Price
- $1,895,000
- MLS#
- 26101815
- Year Built
- 1938
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 3,636
- Lot Size
- 7,946
- Lot Location
- City, Flats, Corner Lot
- Days on Market
- 8
- Property Type
- Multifamily
- Style
- Art Deco
- Stories
- 2
Property Description
A rare 1938 Art Deco fourplex on an oversized 7,946 SF corner lot in Pico-Robertson, moments from Beverlywood, Beverly Hills and Century City. Four 2 bed / 1 bath residences of approximately 950 SF each (per owner), each with a separate dining area. Three are remodeled with updated kitchens, updated appliances, newer flooring and permitted split-system A/C. Unit 1546 is remodeled and will be delivered vacant, so an owner-user can move right in or an investor can lease at market on day one. The architecture cannot be replicated today: softly curved corners, arched alcoves, original built-ins and restored vintage tile baths with a soaking tub and a separate stall shower. Lush, park-like grounds and long frontage on Pickford St give each residence uncommon light and privacy. Seismically retrofitted, with copper plumbing, newer water heaters, on-site laundry and two detached double garages. Reliable long-term tenancy with embedded RSO rent growth. Pro forma 4.49% cap rate and 13.3x GRM at the asking price. Value-add upside includes renovating unit 1544 on turnover and potential garage-to-ADU conversions. Zoned [Q]RD1.5-1-O within a Transit Priority Area. The adjacent 6,002 SF lot at 8585 Pickford St is available by separate sale, creating a rare 13,948 SF double lot opportunity on the same block. Walk to the restaurants, cafes and markets of Pico and Robertson Boulevards. The seller is not completing a 1031 exchange, allowing a clean, flexible close.
Additional Information
- Association Amenities
- None
- Lot Description
- Curbs, Exterior Security Lights, Front Yard, Sidewalks, Street Paved, Fenced Yard, Gutters, Yard, Back Yard
- Other Buildings
- None
- Bedroom Features
- Primary Bedroom
- Kitchen Features
- Counter Top, Remodeled
- Pool Description
- None
- Heat
- Natural Gas, Wall
- Cooling
- Air Conditioning, Multi/Zone, Wall Unit(s), Window Unit(s)
- View
- Courtyard, Trees/Woods
- Exterior Construction
- Frame, Stucco
- Number of Cars in Garage
- Detached, Covered Parking, Garage - 2 Car, Garage Is Detached, Private Garage, Private, Assigned
- Garage Spaces Total
- 4
- Water
- District
- School District
- Los Angeles Unified
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Courtesy of Realty One Group United, Jonny Ahdoot - CA DRE#02007544
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