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12 Units | Hollywood | Value Opportunity 1352 N Las Palmas Ave 12 Unit Apartment Building $3,616,274 CAD ($301,356 CAD/Unit) 6.10% Cap Rate Los Angeles, CA 90028
Investment Highlights
- Center of Hollywood - Adj. to Numerous New Developments ... Cross Roads of the World, Sunset/La Brea, Sunset & Highland
- Long-Term Ownership - Significant Delta from Existing to Market Rents
- Transit Oriented Location - Walk Score of 96
- Value-Opportunity via ADU Potential, Improved Operations, RUBS
- Parking for 13 Vehicles and Onsite Laundry
- Hollywood Continues to Demonstrate Strong Rent Demand & Stable Occupancy
Executive Summary
KW Commercial is pleased to present 1352 N Las Palmas Avenue, Los Angeles, CA 90028, located near the corner of Highland Avenue and Sunset Blvd. in Hollywood. The offering is a 12-unit investment opportunity in a neighborhood known for strong, stable rents and low vacancies. The location is perfectly positioned in Hollywood (90028), where multifamily investments have historically delivered exceptional long-term capital appreciation and wealth preservation.
Built in 1957, 1352 N Las Palmas Avenue boasts a total building square footage of 7,353 SF of improvements on a 7,648 SF parcel. The unit composition consists of eleven (11) One-Bed / One-Bath units and one (1) Two-Bed / One Bath apartment unit.
Over the years, ownership has overseen the updating of +/- 7 units. Unit upgrades include new attractive flooring, new stylish fixtures, and updated bathrooms and kitchen.
Parking is provided for 13 vehicles, with five spaces in the rear and eight in the front, in a tandem configuration.
Additionally, ownership has completed the LA City-mandated soft-story retrofit. 1352 N Las Palmas Avenue offers an on-site laundry room for building tenants. The property is
individually metered for gas and electricity, keeping owner expenses low.
The asset is located close to world-class dining, shopping, entertainment, and nightlife. Conveniently located to West Hollywood, Beverly Hills, and Downtown LA, it further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. Additionally, there is a significant affordability gap to home ownership within the 90028 zip code, with the median single-family residence selling for more than $923,000 in 2026.
1352 North Las Palmas Avenue has a Walk Score of 96 out of 100. This location is a Walker’s Paradise so daily errands do not require a car. 1352 North Las
Palmas Avenue is a nine-minute walk from the Metro B Line (Red) at the Hollywood / Highland Station stop.
Given the property’s prime location and significant value-add component, the offering provides an opportunity for outstanding long-term income growth and
capital preservation.
Built in 1957, 1352 N Las Palmas Avenue boasts a total building square footage of 7,353 SF of improvements on a 7,648 SF parcel. The unit composition consists of eleven (11) One-Bed / One-Bath units and one (1) Two-Bed / One Bath apartment unit.
Over the years, ownership has overseen the updating of +/- 7 units. Unit upgrades include new attractive flooring, new stylish fixtures, and updated bathrooms and kitchen.
Parking is provided for 13 vehicles, with five spaces in the rear and eight in the front, in a tandem configuration.
Additionally, ownership has completed the LA City-mandated soft-story retrofit. 1352 N Las Palmas Avenue offers an on-site laundry room for building tenants. The property is
individually metered for gas and electricity, keeping owner expenses low.
The asset is located close to world-class dining, shopping, entertainment, and nightlife. Conveniently located to West Hollywood, Beverly Hills, and Downtown LA, it further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. Additionally, there is a significant affordability gap to home ownership within the 90028 zip code, with the median single-family residence selling for more than $923,000 in 2026.
1352 North Las Palmas Avenue has a Walk Score of 96 out of 100. This location is a Walker’s Paradise so daily errands do not require a car. 1352 North Las
Palmas Avenue is a nine-minute walk from the Metro B Line (Red) at the Hollywood / Highland Station stop.
Given the property’s prime location and significant value-add component, the offering provides an opportunity for outstanding long-term income growth and
capital preservation.
Property Facts
| Price | $3,616,274 CAD | Building Class | C |
| Price Per Unit | $301,356 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 7,353 SF |
| Cap Rate | 6.10% | Average Occupancy | 90% |
| Gross Rent Multiplier | 10.9 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.77/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RD1.5 - 0500 - 5 Or More Apts or Units | ||
| Price | $3,616,274 CAD |
| Price Per Unit | $301,356 CAD |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 10.9 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,353 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.77/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RD1.5 - 0500 - 5 Or More Apts or Units |
Amenities
Unit Amenities
- Storage Space
- Eat-in Kitchen
- Hardwood Floors
- Linen Closet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 1 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5547-031-013 | Improvements Assessment | $1,302,723 CAD |
| Land Assessment | $1,035,275 CAD | Total Assessment | $2,337,999 CAD |
Property Taxes
Parcel Number
5547-031-013
Land Assessment
$1,035,275 CAD
Improvements Assessment
$1,302,723 CAD
Total Assessment
$2,337,999 CAD
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12 Units | Hollywood | Value Opportunity | 1352 N Las Palmas Ave
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