We are pleased to present a very rare opportunity to acquire 833 N Poinsettia Pl, a West Hollywood-adjacent 4-Unit multifamily building.Available for the first time since 1988, the property is ideally situated between Santa Monica Blvd and Melrose Ave, within close distance to some of Los Angeles' most iconic dining, nightlife, and shopping destinations. 833 N Poinsettia Pl boasts a prime location with exceptionally high tenant demand and easy access to other coveted employer hubs including Beverly Hills, Century City, Hollywood, and the Miracle Mile. This property sits on a 7,349 Square Foot lot with 2,374 Square Feet of gross building area. The property consists of Four (1) One-Bedroom Units that are each individually metered for utilities. Tenants also benefit from Six (6) on-site private parking spots, Four (4) garage spots and Two (2)along the driveway, as well as dedicated storage areas.This is a rare opportunity to acquire a coveted asset in one of the most competitive rental submarkets in Los Angeles. With current rents approximately 58% below market, the property provides clear value-add potential for investors, while also offering significant existing cash flow and strong long-term appreciation potential.
Courtesy of CBRE, John Boyett - CA DRE#02056759 Selling Office: .
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).