1139 Lodi Pl.

Offering Highlights

  • Offer Price:

    $1,650,000

  • Price/SF:

    $457.32

  • Units:

    4

  • Net Reantable Area:

    3,608

  • Status:

    Under Contract

Marcus & Millichap is pleased to present 1139 Lodi Pl, a Spanish style, 4-unit apartment building located in the heart of Hollywood. The subject property is a two-story building, offering 3,608 of rentable SF and is situated on a 6,765 SF lot.

The property, built in 1922, features four very large units consisting of all one bedroom/one bathroom apartments which average to about +/- 902 SF each. Three of the units have been beautifully remodeled with modern kitchens and bathrooms, stainless steel appliances, & hardwood floors throughout. The building also provides its tenants with four enclosed garages for parking and/or storage and a large rear patio area as a resident amenity.

Located just north of Santa Monica Blvd and west of Gower St, Lodi Pl has a walkscore of 90 making it a Walkers Paradise. Walking distance to shopping, grocery stores, and dining venues makes it convenient for tenants to complete their daily errands by foot.

1139 Lodi Pl is a very attractive building offering a great opportunity to increase rental income by turning over the last unrenovated unit.

Investment Highlights:

• Located in the Heart of Hollywood
• Three Units Have Been Extensively Renovated
• All Large and Spacious Units Averaging +/- 902 Square Feet Each
• Large Backyard Patio Area
• Interiors Feature In-Unit Washers & Dryers
• Four Enclosed Garages and/or Storage Spaces
• Within Close Proximity to Schools, Grocery Stores, Restaurants, Shopping, & Major Studios
• Excellent Schools: 8.5/10 School Rating Within a 2- Mile Radius According to Greatschools.org
• Walkscore of 90; Walkers Paradise

Exclusively listed by:

Sam Liberow
First Vice President Investments
Direct: 818-212-2795
Cell: 718-406-3128
SLIBEROW@MARCUSMILLICHAP.COM

CA: 01933858

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