Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 723 N Ridgewood Place, a charming four-unit apartment building located in the heart of Hollywood, CA. Just blocks from Melrose Avenue, Santa Monica Boulevard, and Western Avenue, the property sits in a vibrant submarket experiencing ongoing revitalization and tenant demand. With one unit to be delivered vacant at the close of escrow, new ownership is positioned to immediately achieve market rents or explore an attractive “house hack” strategy by occupying the unit while collecting steady income from the remaining three. Each unit is a thoughtfully designed one-bedroom / one-bathroom floor plan featuring dual entrances and in-unit laundry hookups—an amenity highly sought after by renters. The property offers four parking spaces and four individual garages, a true luxury in this dense urban corridor. Constructed in 1925, 723 N Ridgewood Pl blends vintage character with the potential for interior modernization, offering both stability and upside. Its central location provides tenants with exceptional walkability (Walk Score 84) and convenient access to major employment centers, Metro stations, and many of Los Angeles’ trendiest neighborhoods, including Los Feliz, Hancock Park, and Larchmont Village. Popular local amenities such as Paramount Studios, Hollywood Forever Cemetery, Figaro Bistro, and Maru Coffee are just minutes away. This offering presents investors or owner-users with a rare opportunity to acquire a manageable-sized multifamily asset in one of Los Angeles’ most dynamic rental markets, with built-in upside and strong long-term fundamentals.