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2038 S Holt Ave Los Angeles, CA 90034
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Key Details
Sold Price $2,925,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,456 sqft
Price per Sqft $234
MLS Listing ID 25533713
Sold Date 07/29/25
Bedrooms 23
Year Built 1961
Lot Size 0.290 Acres
Acres 0.2897
Property Sub-Type Multi-Family
Property Description
This well maintained property represents the best value in La Cienega Heights. At $196 per unit and 11.5 times Gross, it is clearly the "Best in Class". There is (1) 3BR/2BA, (4) 2BR/2BA, (4) 2BR/1BA, (6)1BR/1BA and (1) Studio. The LA County Assessors list the property as 15 units, but it is operating as 16. The units are huge with a courtyard style layout and a pool. It has been in the family for 51 years, and managed professionally for decades. The property just benefitted from installation of brand new electrical service last year (by permit), and it has been retrofitted for EQ. There are 15 tuck-under parking spaces and a gated entry for security and convenience. It is 3 blocks from Kaiser West LA, and walking distance from Culver City Arts District, HBO, Amazon, Apple, and the Culver Steps. The rental upside is approximately 75%, resulting in a Pro-forma cap rate of 10.08%!! The property is being sold in conjunction with 2314 Corning, and be purchased together or separately. Don't miss this rare bargain!
Location
State CA
County Los Angeles
Area Beverlywood Vicinity
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Natural Gas, Wall
Cooling Other
Equipment Refrigerator, Range/Oven
Exterior
Parking Features Assigned, Covered Parking
Garage Spaces 15.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Home Team Realty