1531 S Holt Ave, Los Angeles, CA 90035

Property Description

1531-1533 S. Holt Ave. is a Spanish-style duplex featuring two spacious 2-bdrm. residences on a 6,505 SF LAR3-zoned lot in Pico-Robertson. Each unit measures approx. 1,564 SF and is currently leased at market rent. Located just blocks from Pico Blvd. and a short drive from Beverly Hills, the property also features a large rear courtyard and detached garages with potential for additional housing, subject to buyer verification. The 3,128 SF building includes (2) 2-bdrm. / 1.5-bath residences with generous living areas and traditional floor plans. The property's Spanish-style architecture, clay tile roof, and mature landscaping give it much of its original character. Behind the building, a large paved courtyard and patio provide substantial outdoor space, with detached garages situated toward the rear of the lot. The property has benefited from several improvements over the years. Earlier work includes foundation upgrades around 2006, a kitchen and bathroom remodel in 1531 in 2008, dual-pane windows installed in 2010, and electrical rewiring in 1531 in 2011. More recently, the roof was replaced and the exterior stairway to 1533 rebuilt in 2024, followed by shower and bathroom tile updates in 2025 and a remodeled laundry room in 2026. One of the property's biggest selling points is the amount of outdoor space toward the rear of the lot. The expansive courtyard and existing garages provide buyers with an opportunity to explore the addition of ADUs or a possible garage conversion. Combined with the 6,505 SF lot and LAR3 zoning, this portion of the property deserves a closer look for its potential to accommodate additional residential units. Any future development would be subject to independent feasibility review and applicable City approvals. Located just south of Pico Blvd., the property is close to Pico-Robertson's longtime restaurants, bakeries, kosher markets, and neighborhood shops. The surrounding streets feature Spanish-style homes, duplexes, and smaller apartment buildings, while nearby Pico and Olympic Boulevards provide convenient access across the Westside. Beverly Hills, Century City, and Culver City are also a short drive away. Offered at $1,750,000, or $875,000 per unit and approx. $559 per SF, both residences are leased at market rents of $3,885 and $3,740 per month, generating $91,500 in annual scheduled income. With two spacious Spanish-style residences, improvements completed over time, and a large rear lot with potential for additional housing, 1531-1533 S. Holt Ave. offers investors a well-located Pico-Robertson duplex with existing income and room to explore future development.