901 N El Centro Avenue, Hollywood, CA 90038
Local realty services provided by:Better Homes and Gardens Real Estate Registry
901 N El Centro Avenue,Hollywood, CA 90038
$1,050,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:ricardo velasquez
Office:lrs realty & management inc.
MLS#:SR25168311
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,050,000
About this home
Charming 5-Unit Multifamily Property in Prime Hollywood Location Value-Add Opportunity! Unlock the potential of this well-maintained 5-unit multifamily property located in the heart of Hollywood, just moments from the iconic Hollywood Strip, major studios, popular restaurants, bars, grocery stores, and the vibrant Larchmont Village. Each unit features 1 bedroom and 1 bathroom, with three units being recently updated with fresh paint, new flooring, and modernized bathrooms. Two units will be delivered vacant at close, offering a rare opportunity for an owner-user or investor to lease at market rates currently ranging from $1,600 to $1,900/month or move in and enjoy the unbeatable location. Tenants are responsible for their own gas and electricity, while the building covers water and trash, keeping operating costs low. This property also offers significant upside potential, with expansion possibilities by building upward (buyer to verify), maximizing long-term value in one of LAs most desirable rental markets. Conveniently located near Larchmont Village, Hancock Park, Melrose, Fairfax, and West Hollywood, this property is a standout investment with strong income potential and development possibilities. PLEASE NOTE: Ownership will conduct a 1031 exchange which should hopefully take no more than 45-60 days.
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Home facts
- Listing ID #:SR25168311
- Added:65 day(s) ago
- Updated:September 30, 2025 at 01:59 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Finances and disclosures
- Price:$1,050,000
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