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1250 Gordon Street, Los Angeles, California 90038, Los Angeles, 90038 - bed, bath

1250 Gordon Street, Los Angeles, California 90038 home-pic-0
ACTIVE$1,699,900
1250 Gordon Street, Los Angeles, California 90038
0Bed
0Bath
4,260Sqft
6,492Lot
Year Built
1960
Close
-
List price
$1.7M
Original List price
$2.5M
Price/Sqft
$399
HOA
-
Days on market
-
Sold On
-
MLS number
SR25125513
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros.

Hollywood Investment Gem – 7-Unit Value-Add with Upside Rent Potential Now available: a rare multifamily investment opportunity in the heart of Hollywood, ideally located between Santa Monica Blvd and Sunset Blvd, with Fountain Ave as the cross street Add a high-potential asset to your portfolio in one of Los Angeles’ most in-demand rental submarkets. 7 Total Units: • (1) Two-Bedroom, Two-Bath • (4) One-Bedroom, One-Bath • (2) Studio Units Reliable income from 5 out of 7 units, while upgrading remaining units to achieve full market rates. The interiors are slightly dated, but the spacious layouts and solid construction offer a perfect cosmetic value-add opportunity. Light updates will easily elevate the property and restore its classic Hollywood charm.Located in a high-demand, walkable neighborhood, just steps from studios, nightlife, and transit. Long-term appreciation and income upside make this a smart play for savvy investors.

Price History

Date
Event
Price
11/12/25
Price Change
$1,699,900-0.0%
11/09/25
Price Change
$1,699,990-5.6%
11/07/25
Price Change
$1,799,999-7.7%
08/13/25
Price Change
$1,950,000
06/04/25
Listing
$2,499,999
Condition Rating
Poor
The property was built in 1960, making it over 60 years old. The MLS description explicitly states 'interiors are slightly dated' and highlights it as a 'cosmetic value-add opportunity' requiring 'Dated Interiors Requiring Renovation.' The images confirm this, particularly the kitchen with its original-style dark wood cabinets, older white appliances, and basic light fixture, and the bathroom featuring very dated pink ceramic tiles, an old vanity, and a sliding glass shower door. These areas require substantial renovation to meet current quality standards and appeal to modern tenants. While the exterior appears maintained and the property is currently generating income from some units, the significant age and severely outdated interior components, especially in key areas like the kitchen and bathrooms, indicate a need for substantial repairs and rehabilitation rather than just minor updates.
Pros & Cons

Pros

Prime Hollywood Location: Located in the heart of Hollywood, offering excellent walkability and proximity to studios, nightlife, and transit, ensuring high rental demand.
Multifamily Investment (7 Units): A rare 7-unit property providing multiple income streams and diversification within a high-demand rental submarket.
Significant Value-Add Potential: Opportunities to upgrade dated interiors and achieve full market rates, promising substantial upside in rental income and property value.
Existing Income Stream: Five out of seven units are currently generating reliable income, providing immediate cash flow for the investor.
Long-Term Appreciation Potential: Positioned for long-term appreciation due to its desirable location and potential for increased income through strategic improvements.

Cons

Dated Interiors Requiring Renovation: The property's interiors are described as 'slightly dated,' necessitating capital investment for cosmetic updates to maximize rental potential.
Partial Vacancy: Two out of seven units are not currently generating income, requiring an investor to incur costs for renovation and tenant placement to achieve full occupancy.
Significant Price Adjustments: The property has undergone multiple substantial price reductions from its original listing, which may indicate initial overpricing or market challenges.

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