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1540 N Bronson Ave

Los Angeles, CA 90028
  • $6,495,000
  • STATUS: Active Under Contract
  • ON SITE: 97 Days
  • ID#: 22-141749
Under Contract
$6,495,000
  • 25
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,409
    SQFT
  • $484
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1996
County:
Area:

School Ratings & Info

Description

We are pleased to present a sixteen (16) unit apartment building located at 1540 North Bronson Avenue in Los Angeles, California. The subject property is positioned in a prime Hollywood location, south of Hollywood Boulevard and east of Vine Street. Built in 1996, this property contains a great unit mix of two (2) studio / one bathroom units, one (1) vacant one bedroom / one bathroom ADU, three (3) one bedroom / one bathroom units, and ten (10) two bedroom / one and a half bathroom townhouse style units. This non-rent controlled building is host to a number of incredible features such as the lovely center courtyard, a large on-grade parking garage, well-maintained exteriors, an on-site laundry facility, and an alleyway for easy access and guest parking. The units are completely renovated with new floors, updated kitchens with stainless steel appliances and quartz countertops, high ceilings, and tons of natural light. Tenants will enjoy having dominant access to trendy retail, restaurant, and entertainment amenities with Hollywood Boulevard to the north and Sunset Boulevard to the south. Some of the walkable amenities include SUGARFISH, The Sisters Asian Fusion Cafe, Lanicure Nail Bar, Ronnie's Kitchen + Cocktails, Florentine Gardens, Totoyama Sushi & Ramen, Amoeba Music, and an array of Art Galleries and Museums. Situated in a prime Hollywood location, this offering presents an excellent opportunity for any investor to purchase a turn-key, non rent control building with positive cash flow.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-05T23:42:50.647. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.brandiprattrealestate.com/homes/127223330
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1540 N Bronson Ave Los Angeles, CA 90028

  • Price: $6,495,000
  • Status: Active Under Contract
  • On Site: 97 Days
  • ID#: 22-141749
25
Beds
0
Baths
0
½ Baths
0.28
Acres
13,409
SQFT
$484
$/SQFT
1996
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
We are pleased to present a sixteen (16) unit apartment building located at 1540 North Bronson Avenue in Los Angeles, California. The subject property is positioned in a prime Hollywood location, south of Hollywood Boulevard and east of Vine Street. Built in 1996, this property contains a great unit mix of two (2) studio / one bathroom units, one (1) vacant one bedroom / one bathroom ADU, three (3) one bedroom / one bathroom units, and ten (10) two bedroom / one and a half bathroom townhouse style units. This non-rent controlled building is host to a number of incredible features such as the lovely center courtyard, a large on-grade parking garage, well-maintained exteriors, an on-site laundry facility, and an alleyway for easy access and guest parking. The units are completely renovated with new floors, updated kitchens with stainless steel appliances and quartz countertops, high ceilings, and tons of natural light. Tenants will enjoy having dominant access to trendy retail, restaurant, and entertainment amenities with Hollywood Boulevard to the north and Sunset Boulevard to the south. Some of the walkable amenities include SUGARFISH, The Sisters Asian Fusion Cafe, Lanicure Nail Bar, Ronnie's Kitchen + Cocktails, Florentine Gardens, Totoyama Sushi & Ramen, Amoeba Music, and an array of Art Galleries and Museums. Situated in a prime Hollywood location, this offering presents an excellent opportunity for any investor to purchase a turn-key, non rent control building with positive cash flow.
Exterior Features

Cross Streets Hollywood Blvd & Vine St Garage Structures Total 1 Lot Description Resident ManagerAlley PavedSingle LotLandscaped Lot Location City Lot Size Area 12250 Other Structures Accessory Dwelling Unit Parking Garage Community GarageGarageGarage Is AttachedGated Underground Patio Features Balcony Paved YN Yes Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Total Parking 17 View Description City View YN Yes

Interior Features

Bathroom Features Shower Over TubRemodeled Baths Total 26.00 Common Walls Attached Cooling Air Conditioning Equipment Built-InsRange/OvenRefrigerator Heating Wall Kitchen Features Quartz CountersRemodeled

Property Features

Alley YN Yes Assessed Total Value 4020757 Gross Income 427499 Gross Operating Income 415070 Land Lease Type Fee Like Units1 2 Like Units2 4 Like Units3 10 Net Operating Income 280525.00 Number Of Buildings 1 Number Of Units 16 Property Condition Updated/RemodeledAdditions/Alter Rent Control YN No Sale Type Standard Security Features GatedResident Manager Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 134546 Type Of Units Market Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Jason Tuvia DRE#01772495 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-07-05T23:42:50.647. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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eXp Realty of California, Inc.
2603 Camino Ramon, Suite 200
San Ramon CA, 94583