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Real Estate Listing at Properties from The Knight Group LA

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The Knight Group LA

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$4,100,000
15 Days On Site

1734 Taft Avenue
Los Angeles, CA 90028

For Sale|Residential Income|Active
24
Beds
22
Total Baths
14,029
SqFt
$292
/SqFt
1957
Built
County:
Los Angeles
Listed by Jason Tuvia of Marcus & Millichap jtuvia@marcusmillichap.com
Call Now: 503.200.4823
Is this the listing for you? We can help make it yours.
503.200.4823
1734 Taft Avenue1734 Taft Avenue1734 Taft Avenue1734 Taft Avenue
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Monthly Payment (Est.)

$18,706
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We are pleased to present a twenty (20) unit apartment building located at 1734-1740 Taft Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Hollywood Boulevard and west of Western Avenue. Built in 1957 and 1958 respectively, this classic mid-century property is located in a prime Hollywood location, adjacent to the highly desirable Los Feliz neighborhood. Situated on a rare 18,224 SF double lot with two separate APNs, the property offers an excellent unit mix consisting of one (1) studio, fourteen (14) one-bedroom units, and five (5) two-bedroom units two of which will be delivered vacant and un-renovated, providing immediate value add potential. This multifamily asset features an on-site laundry facility, full on-site covered parking, and is soft story retrofit exempt. This offering presents a unique opportunity to convert the existing carports into multiple ADUs (up to 16), dramatically increasing potential income. Some of the buildings' recent upgrades include a new roof on both buildings and new electrical subpanels and breakers in 1740. This legacy asset on the market for the first time in 50 years represents a rare and strategic investment opportunity in one of LA's most sought-after submarkets. Nestled in a prime Hollywood Location, this offering presents an excellent opportunity for an investor to capitalize on a classic Hollywood mid-century asset priced at only $205,000 per unit and$224 per SF for the land.

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Listing Snapshot
Price 
$4,100,000
Days On Site 
15 Days
Bedrooms 
24
Inside Area (SqFt) 
14,029 sqft
Total Baths 
22
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.4184 Acres
Year Built 
1957
MLS® Number 
25553309
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Other
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
2 weeks agoListing first seen on site
General Features
Acres 
0.4184
Number Of Stories 
2
Parking 
Carport
Special Circumstances 
Standard
SqFt Total 
14029
Stories 
Two
Zoning 
LARD1.5
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Community Features
MLS Area 
C20 – Hollywood
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This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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