Multifamily
1832 Garfield
1832 Garfield Pl, Los Angeles, CA 90028
Listing Price: $9,950,000
Investment Overview
Institutional Property Advisors (IPA), as the exclusive listing agent, is pleased to present the opportunity to acquire 1832 Garfield Place (the “Property”), a 42-unit value-add opportunity located at the base of the Hollywood Hills and one block from the Los Feliz neighborhood of Los Angeles.
Originally built in 1958, and owned by the same family for the past 35+ years, 1832 Garfield offers investors compelling value-add potential by upgrading features such as appliances, countertops, cabinetry, and flooring. Post renovation, rental income can be increased by approximately 27%.
1832 Garfield offers an excellent location that is adjacent to exorbitant single-family estates in the Hollywood Hills, within a short walk of everyday amenities, and a short commute to major employment opportunities. Major entertainment industry titans such as Netflix, NBC/Universal, Warner Brothers, and Paramount/Skydance are within a 5-10 minute commute, 3 million total jobs across a diverse set of industries are accessible within 20-30 minutes given proximity to the 101-freeway, and Franklin Village with its eclectic mix of shops is within walking distance.
Portfolio Offering: This Property is being offered concurrently with 5460 Sierra Vista. The Properties can be purchased individually or together. Contact the listing agents to learn more.
1832 Garfield
Investment Highlights
- FIRST TIME ON MARKET IN 35+ YEARS: 1832 Garfield has been owned by the same family since 1988.
- HIGH ROI ON VALUE-ADD DOLLARS: By completing interior renovations rental income can be increased by approximately 27%.
- NOTABLE RECENT IMPROVEMENTS COMPLETED: Ownership has completed water heater replacements, fire alarm panel upgrades and full copper re-pipe.
- SHORT WALK FROM FRANKLIN VILLAGE: Within a 10-minute walk of Franklin Village, one of the most beloved urban villages in Los Angeles.
- HOLLYWOOD REMAINS WELL UNDER SUPPLIED & DEVELOPMENT PIPELINE IS DWINDLING
- HIGH RATE OF RENTERSHIP IN HOLLYWOOD
Exclusively Listed By
Listing Price: $9,950,000
Investment Highlights
- FIRST TIME ON MARKET IN 35+ YEARS: 1832 Garfield has been owned by the same family since 1988.
- HIGH ROI ON VALUE-ADD DOLLARS: By completing interior renovations rental income can be increased by approximately 27%.
- NOTABLE RECENT IMPROVEMENTS COMPLETED: Ownership has completed water heater replacements, fire alarm panel upgrades and full copper re-pipe.
- SHORT WALK FROM FRANKLIN VILLAGE: Within a 10-minute walk of Franklin Village, one of the most beloved urban villages in Los Angeles.
- HOLLYWOOD REMAINS WELL UNDER SUPPLIED & DEVELOPMENT PIPELINE IS DWINDLING
- HIGH RATE OF RENTERSHIP IN HOLLYWOOD
Investment Overview
Institutional Property Advisors (IPA), as the exclusive listing agent, is pleased to present the opportunity to acquire 1832 Garfield Place (the “Property”), a 42-unit value-add opportunity located at the base of the Hollywood Hills and one block from the Los Feliz neighborhood of Los Angeles. Originally built in 1958, and owned by the same family for the past 35+ years, 1832 Garfield offers investors compelling value-add potential by upgrading features such as appliances, countertops, cabinetry, and flooring. Post renovation, rental income can be increased by approximately 27%. 1832 Garfield offers an excellent location that is adjacent to exorbitant single-family estates in the Hollywood Hills, within a short walk of everyday amenities, and a short commute to major employment opportunities. Major entertainment industry titans such as Netflix, NBC/Universal, Warner Brothers, and Paramount/Skydance are within a 5-10 minute commute, 3 million total jobs across a diverse set of industries are accessible within 20-30 minutes given proximity to the 101-freeway, and Franklin Village with its eclectic mix of shops is within walking distance. Portfolio Offering: This Property is being offered concurrently with 5460 Sierra Vista. The Properties can be purchased individually or together. Contact the listing agents to learn more.
Exclusively Listed By
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