844 S Holt Ave, Los Angeles 90035

$2,365,000

Bedrooms: 9
Baths: 9
Sq Ft: 5397
Active: No

Property Description

THE GRAY GROUP REPRESENTED BOTH SELLER AND BUYER IN THIS TRANSACTION.

Presenting this rare 6-unit multifamily investment opportunity in one of L.A.’s most desirable cosmopolitan areas. 844 S. Holt Ave is a chance to own and operate a classic mid-century apartment building with upside potential. 3 two-BR and 3 one-BR units comprise this building with 5,397 sq ft gross rentable area on a 5,999 sq ft lot. Total current rents are below market rates in the area. Coupled with a value add opportunity to either partially or fully renovate 5 of the units with potential 4.7% cap rate. Unit 2 is fully-renovated and currently vacant. Additional features include 6 parking spaces and laundry room on-site. The coin laundry and annual oil royalties provide additional passive income. The building is centrally located near Beverly Hills, WeHo and Century City. Plus it is within walking distance to recreation, dining, houses of worship and the new La Cienega subway station (opening 2024) for current and future value growth.

Maggie Zheng DiChillo

I have known Chris since 2017 and we have collaborated on few real estate transactions. Being a financial advisor and mortgage broker myself, my clients often need white glove treatment when it comes to residential property purchases. Chris is not only knowledgeable, but more importantly he is deeply invested in every steps of the transaction and pays tremendous attention to details. He is also fluent in Mandarin Chinese which many of my clients find helpful. I highly recommend Chris to anyone who is looking to buy their first home or buy any investment properties in CA and AZ!

Jacob Motta

A friend of mine recommended Chris to me back in March, from the first meeting I knew Chris was going to be honest, professional, and lot of fun to work with! As we moved through the process he was that and more. I was not a "traditional" client, I put the cart before the horse and was not fully ready to buy when we started looking. But Chris was a real trouper, especially during the time of COVID, where extra steps are needed to look at properties, and set up the showings. I think all in we looked at about 20 condo's! Put offers in on three and finally got over the finish line with the third. As a first time home buyer, I needed a great deal of hand holding. Chris was there every step of the way, and he really helped me understand what I wanted in a condo and what sacrifices I would need to make to get across the finish line in my price range. In a New York Minute, I would recommend Chris to any of my inner circle, close, family and friends. While Chris has several multi million dollar clients, he never made me feel less than cause my budget was in the low 400's, he was just as excited as I was with every property, and negotiated just as fiercely.

Jack Cupples

Chris is a great agent. He helped me navigate the greater Southern California market and get an amazing place in Santa Barbara. He was very responsive and worked diligently to get my offer accepted and guide me through each stage of the process. I was impressed with his aptitude to negotiate and push the deal to close.

scott rosen

Chris helped my wife and I find our perfect house in Los Angeles. He is very knowledgeable and works really hard for you. I would highly recommend Chris for all your Los Angeles real estate needs. I know I will be using him again.

Karl Meyer

Chris’s approach made the deal work for everyone, two thumbs up!👍 👍