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$ 2,300,000
Est. payment | /mo
5,524 SqFt
$ 2,300,000
Est. payment | /mo
5,524 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,524 sqft
Price per Sqft $416
MLS Listing ID CL25607081
HOA Y/N No
Year Built 1957
Lot Size 6,378 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
1043 S. Holt Avenue presents a rare opportunity to acquire a well-maintained six-unit multi-family asset in the heart of Pico Robertson, one of Los Angeles's most desirable and centrally located rental neighborhoods. Priced at $2,300,000, the property offers both immediate occupancy flexibility andstrong investment fundamentals. Four units will be delivered vacant at close of escrow, including a spacious 3-bedroom, 2-bath owner's unit, ideal for an owner-user or investor seeking to maximize rentalincome and long-term appreciation. Once vacant units stabilizes, the asset is projected to operate at anapproximate 6.0 % CAP rate and 11.14 GRM, highlighting both its solid current performance and futureincome growth potential with proforma CAP rate 7.14% and 9.83 GRM! Originally constructed in 1956 and offered for the first time by the original builder's family, thislegacy property combines mid-century character with a proven income profile. The 5,524-square-footbuilding sits on a 6,381-square-foot lot and features a desirable unit mix of four 1-bedroom + 1-bathunits, one 2-bedroom + 2-bath unit, and one 3-bedroom + 2-bath unit, an ideal configuration forbroad tenant appeal and strong rentability. Seismic retrofit plans have already been approved by the City and will be included in the
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View City Lights
Building
Sewer Other
Water Other
New Construction No
Others
Tax ID 4332024029
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Eric Sackler • Coldwell Banker Realty
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Patrick Nagel
REALTOR® | Lic# 1760790