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$ 2,250,000
Est. payment /mo
Active
1131 Lodi Place Los Angeles, CA 90038
9,075 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,075 sqft
Price per Sqft $247
MLS Listing ID CL26839471
HOA Y/N No
Year Built 1927
Lot Size 6,768 Sqft
Acres 0.1554
Property Sub-Type Other
Property Description
Prime Hollywood Character Asset Below Replacement Cost! Offered at $2,250,000, 1131-33 Lodi Pl represents an incredibly compelling acquisition basis at approximately $250,000 per unit and $247.93 per square foot. Built in 1927, this vintage 9-unit property boasts classic architectural character that stands out from generic inventory, providing an excellent repositioning opportunity to blend historic charm with modern upgrades. The building features a highly desirable rental mix of three 1-bedroom/1-bath units and six large 2-bedroom/1-bath units perfectly aligned with current tenant demand. Situated in a prime, high-demand Hollywood location, the property benefits from immediate proximity to major employment hubs, legendary entertainment destinations, premier retail corridors, and vibrant neighborhood amenities. With rising construction costs and limited local development opportunities, this asset offers investors reduced supply risk and strong, long-term rental growth upside.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating None
Fireplace No
Building
New Construction No
Others
Tax ID 5534007018
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Listed by Saadia 'Sam' Liberow • Marcus & Millichap