Multifamily
1820 Grace Ave
1820 Grace Ave, Los Angeles, CA 90028
Listing Price: $2,200,000
Investment Overview
The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 1820 Grace Ave, a 10 unit
apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built
in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + onebathroom
unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot.
1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of
activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing
the Hollywood Walk of Fame.
Hollywood’s central location provides convenient access to major freeways, public transportation, and
is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area’s connectivity to
the rest of Los Angeles.
1820 Grace Ave represents a unique value-add opportunity for investors due to the property’s location
and rental upside. The property offers a initial CAP rate of 4.74% with the ability to improve to a 7.45%
CAP rate once units turnover.
Exclusively Listed By
Listing Price: $2,200,000
Investment Highlights
- 10 Unit Apartment Building - 1953 Construction
- Excellent Hollywood Location
- Close Distance to Hollywood Walk of Fame and Griffith Observatory
- Easy Access to the 101 Freeway
- Significant Upside in Rents
- On-Site Laundry
Investment Overview
The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 1820 Grace Ave, a 10 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + onebathroom unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot. 1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood’s central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area’s connectivity to the rest of Los Angeles. 1820 Grace Ave represents a unique value-add opportunity for investors due to the property’s location and rental upside. The property offers a initial CAP rate of 4.74% with the ability to improve to a 7.45% CAP rate once units turnover.
Exclusively Listed By
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