1414 N Las Palmas Avenue, Los Angeles, California 90028, Los Angeles, 90028 - bed, bath
ACTIVE$1,790,000
1414 N Las Palmas Avenue, Los Angeles, California 90028
0Bed
0Bath
3,036Sqft
7,147Lot
Year Built
1907
Close
-
List price
$1.79M
Original List price
$1.79M
Price/Sqft
$590
HOA
-
Days on market
-
Sold On
-
MLS number
CV25018317
Home ConditionGood
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.79M(67th), sqft - 3036(50th), beds - undefined(50th), baths - undefined(50th).
Beautiful four-unit property located in the heart of Hollywood! This unique setup includes two buildings: two fully remodeled units in the front and two brand-new units in the back, constructed in 2024 and never occupied. Ideally situated close to Hollywood and Downtown LA, this property combines modern construction with classic charm. A fantastic investment opportunity or a perfect setup for owner-occupancy!
Price History
Date
Event
Price
08/14/18
Sold
$1,250,000
05/16/14
Sold
$875,000
01/15/13
Sold
$740,000
03/12/09
Sold
$585,000
Condition Rating
Good
The property consists of two buildings. The front building, built in 1907, appears to have been remodeled. The back building was newly constructed in 2024. The kitchens and bathrooms in the remodeled units appear updated, and the new units feature modern finishes. While the original building is older, the recent renovations and new construction bring the overall condition to 'good'. The images show modern kitchens and bathrooms in the new units.
Pros & Cons
Pros
Income Potential: Four-unit property provides immediate rental income streams.
New Construction: Two units are newly constructed in 2024 and never occupied, offering modern amenities and appeal.
Remodeled Units: Two front units are fully remodeled, reducing immediate renovation costs.
Prime Location: Located in the heart of Hollywood, close to Downtown LA, offering convenient access to entertainment, dining, and employment opportunities.
Investment Opportunity: Ideal for investors seeking a property with a mix of stable income and potential for appreciation.
Cons
Age of Original Structure: The original building was built in 1907, potentially requiring ongoing maintenance and repairs.
Lot Size: The lot size is relatively small, which may limit future expansion or development possibilities.
Potential Code Compliance Issues: Combining a very old structure with new construction may present code compliance challenges that need to be addressed.