Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

9

Building size

6,282 sqft

Lot size

6,519 sqft

Year built

1957

Stories

2

Heating

None

Cooling

Central Air

Status

Active

Days on market

0

MLS #

249312784

About this property

1563 Gordon St is a fully renovated 9-unit apartment building in central Hollywood, offered at $2,700,000 ($300,000 per unit, $429.80/SF) at a 6.09% cap rate and 10.54 GRM. Built in 1957 with approximately 6,282 SF, the property was comprehensively renovated under permit, with every permit finaled in 2021: new kitchens and baths in every unit, a full rewire with a new 400-amp service, a copper repipe, new windows and split heat-pump systems. The unit mix is two two-bedrooms, six one-bedrooms and a studio added under permit with its own 2021 Certificate of Occupancy, and the soft-story seismic retrofit is complete (City Certificate of Compliance, 2022). The building sits about 0.2 miles from Sunset Gower Studios and Netflix's Sunset Bronson campus, and 0.4 miles from the Metro B Line at Hollywood/Vine.

Location

1563 Gordon Street

Los Angeles, Los Angeles, CA, 90028