1627 N Poinsettia Place, Los Angeles, CA 90046
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1627 N Poinsettia Place,Los Angeles, CA 90046
$4,950,000
- 18 Beds
- 24 Baths
- 14,817 sq. ft.
- Multi-family
- Active
Listed by: jacob plewa
Office: remax commercial & investment realty310-802-2500
MLS#:26855971
Source:CRMLS
Price summary
- Price:$4,950,000
- Price per sq. ft.:$334.08
About this home
Acquire a well-positioned 20-unit apartment building in the heart of Hollywood, a globally recognized epicenter of entertainment, creativity, and culture. Located at 1627 N. Poinsettia Place in the coveted Hollywood Hills West / Poinsettia Heights neighborhood, this 1965-built, wood-frame asset offers an exceptional combination of location prestige, walkability, employment density, and immediate rent-growth opportunity. The building features thoughtfully renovated kitchens and bathrooms with upgraded elevator, cabinetry, stainless steel appliances, modern fixtures, and new flooring across a diverse unit mix 14 one-bedroom, three studio, and three two-bedroom residences spanning approximately 14,817 SF on an 8,436 SF lot with 24 subterranean parking spaces. A Walker's Paradise with a Walk Score of 95 daily errands require no car as the property sits just a 10-minute walk from the Metro B Line (Red) at Hollywood/Highland Station, providing direct access to Downtown LA, Koreatown, and the Westside. The neighborhood is anchored by major employers including Netflix (1.4M SF+ commitment), Paramount Pictures, NBC Universal, and Warner Bros., driving robust tenant demand from entertainment professionals, young executives, and affluent renters seeking proximity to studios, Sunset Strip, West Hollywood, and Beverly Hills. Current rents average $2.68/SF against a market potential of $3.28/SF a 22% spread representing upside in untapped monthly NOI. The property trades at a current 5.23% cap rate making this a compelling value-add opportunity in one of Los Angeles' most resilient and high-demand multifamily submarkets with long-term appreciation tailwinds and consistent entertainment-industry-driven tenant interest....
Contact an agent
Home facts
- Year built:1965
- Listing ID #:26855971
- Added:2 day(s) ago
- Updated:July 09, 2026 at 01:41 PM
Rooms and interior
- Bedrooms:18
- Total bathrooms:24
- Living area:14,817 sq. ft.
Heating and cooling
- Heating:Central Furnace
Structure and exterior
- Year built:1965
- Building area:14,817 sq. ft.
- Lot area:0.19 Acres
- Levels:Multi Split
Finances and disclosures
- Price:$4,950,000
- Price per sq. ft.:$334.08
Parking
- Total parking spaces:24
- Parking description:Side By Side
New listings near 1627 N Poinsettia Place
- New
$9,998,000Active4 beds 7 baths5,620 sq. ft.850 Stone Canyon Road, Los Angeles, CA 90077
MLS# 26853331Listed by: DOUGLAS ELLIMAN - Open Sun, 2 to 5pmNew
$2,195,000Active3 beds 4 baths2,293 sq. ft.2414 Penmar Avenue, Venice, CA 90291
MLS# 26855335Listed by: THE AGENCY - Open Sun, 11am to 3pmNew
$1,795,000Active3 beds 3 baths1,730 sq. ft.718 N Croft Avenue #201, Los Angeles, CA 90069
MLS# 26856993Listed by: DOUGLAS ELLIMAN - New
$555,000Active1 beds 1 baths750 sq. ft.3810 Wilshire Boulevard #1911, Los Angeles, CA 90010
MLS# 26857181Listed by: NET PROPERTIES - New
$3,999,995Active5 beds 5 baths3,426 sq. ft.560 S Bronson Avenue, Los Angeles, CA 90020
MLS# 26857649Listed by: COLDWELL BANKER REALTY - New
$2,799,000Active3 beds 2 baths1,556 sq. ft.10385 Ilona Avenue, Los Angeles, CA 90064
MLS# 26857715Listed by: ESTATES REALTY - Open Sun, 2 to 5pmNew
$449,000Active2 beds 1 baths994 sq. ft.26251 Vermont Avenue #202, Harbor City, CA 90710
MLS# SR26141394Listed by: REAL BROKERAGE TECHNOLOGIES, INC. - Open Sat, 11am to 3pmNew
$475,000Active3 beds 3 baths1,282 sq. ft.8927 Cedros #14, Panorama City, CA 91402
MLS# SR26148606Listed by: KELLER WILLIAMS WORLD MEDIA CENTER - Open Sun, 12 to 4pmNew
$499,000Active2 beds 2 baths935 sq. ft.5823 Bowcroft Street #4, Los Angeles, CA 90016
MLS# TR26148254Listed by: HOMECOIN.COM - Open Sun, 2 to 5pmNew
$665,000Active1 beds 1 baths810 sq. ft.5806 Waring Avenue #14, Los Angeles, CA 90038
MLS# 26855791Listed by: BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES