$ 1,895,000
-
$1,895,000
Price -
8
Bed -
4
Bath -
3,636
SqFt -
0.18
Acre
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About the Listing CLW-X8190003 - CLW-C124926
A rare 1938 Art Deco fourplex on an oversized 7,946 SF corner lot in Pico-Robertson, moments from Beverlywood, Beverly Hills and Century City. Four 2 bed / 1 bath residences of approximately 950 SF each (per owner), each with a separate dining area. Three are remodeled with updated kitchens, updated appliances, newer flooring and permitted split-system A/C. Unit 1546 is remodeled and will be delivered vacant, so an owner-user can move right in or an investor can lease at market on day one. The architecture cannot be replicated today: softly curved corners, arched alcoves, original built-ins and restored vintage tile baths with a soaking tub and a separate stall shower. Lush, park-like grounds and long frontage on Pickford St give each residence uncommon light and privacy. Seismically retrofitted, with copper plumbing, newer water heaters, on-site laundry and two detached double garages. Reliable long-term tenancy with embedded RSO rent growth. Pro forma 4.49% cap rate and 13.3x GRM at the asking price. Value-add upside includes renovating unit 1544 on turnover and potential garage-to-ADU conversions. Zoned [Q]RD1.5-1-O within a Transit Priority Area. The adjacent 6,002 SF lot at 8585 Pickford St is available by separate sale, creating a rare 13,948 SF double lot opportunity on the same block. Walk to the restaurants, cafes and markets of Pico and Robertson Boulevards. The seller is not completing a 1031 exchange, allowing a clean, flexible close.
Listing Highlights for 1540 S Holt Ave
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances: Dishwasher, Gas Oven, Microwave, Range, Refrigerator, Dryer, Washer
- Air Cond:
- Heating: Natural Gas,Wall Furnace
- Fireplaces:
- Floor: Tile
- Basement:
- Other: Chair Rail,Ceiling Fan(s),Recessed Lighting
- Water: Public
Exterior Details
- Lot Description: Back Yard,Front Yard,Yard,No Land Lease
- Garage Capacity: 4 car
- Parking Spaces: 4
- Zoning: [Q]RD1.5-1-O
- Roof: Composition,Shingle
- Others: Updated/Remodeled,Frame,Stucco,2+ Total Units
- Sewer: Other,Sewer Tap Paid
- Parking Features: Assigned,Covered,Door-Multi,Garage,Private
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4303031037
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1540 S Holt Ave Los Angeles, CA 90035
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