1734-1740 Taft Ave 20 Unit Apartment Building $5,310,690 CAD ($265,535 CAD/Unit) 5.50% Cap Rate Los Angeles, CA 90028

Marcus and Millichap is pleased to present a twenty (20) unit apartment building located at 1734-1740 Taft Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Hollywood Boulevard and west of Western Avenue.
Built in 1957 and 1958 respectively, this classic mid-century property is located in a prime Hollywood location, adjacent to the highly desirable Los Feliz neighborhood. Situated on a rare 18,224 SF double lot with two separate APNs, the property offers an excellent unit mix consisting of one (1) studio, fourteen (14) one-bedroom units, and five (5) two-bedroom units. This multifamily asset features an on-site laundry facility, full on-site covered parking, and is soft story retrofit exempt. This offering presents a unique opportunity to convert the existing carports into multiple ADUs (up to 16), dramatically increasing potential income. Some recent upgrades include a new roof on both buildings as well as new electrical subpanels and breakers. This legacy asset—on the market for the first time in 50 years—represents a rare and strategic investment opportunity in one of LA’s most sought-after submarkets.
Nestled in a prime Hollywood Location, this offering presents an excellent opportunity for an investor to capitalize on a classic Hollywood mid-century asset priced at only $192,500 per unit and $211 per SF for the land.