Residential Income – 1722 Garfield Pl, Los Angeles, CA 90028, USA -001-11-30T00:00:00-08:00
Beautiful character building and value-add opportunity in Hollywood. The property has undergone substantial improvements in recent years and still has substantial upside in rents. Common areas have been renovated to expose and restore beautiful hardwood floo
1722 Garfield Pl, Los Angeles, CA 90028, USA
$6,700,000 USD
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Address1722 Garfield Place, Los Angeles
Price$6,700,000
Year Built1924
Bedrooms Total0
Living Area14,312
Lot Size (Sq.Ft.)9,500
Listing ID17248592
StatusActive
Parcel Number5544005005
ZoningLAR3
Special ConditionsStandard
Days on Market199

Detailed Description: Beautiful character building and value-add opportunity in Hollywood. The property has undergone substantial improvements in recent years and still has substantial upside in rents. Common areas have been renovated to expose and restore beautiful hardwood flooring. The interior and exterior was repainted to enhance the appearance and add character. A camera surveillance system was installed and the buildings power system was upgraded from 110 amps to 400 amps. Cast iron plumbing was also upgraded to copper.

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Address Information
Address1722 Garfield Place, Los Angeles
Street SuffixPlace
CityLos Angeles
Location (MLS Area)C20 – Hollywood
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90028
Financial Information
Price per Square Foot$468.14
Price per Lot Square Foot$705.26
Special ConditionsStandard
Total Expenses$183,462
Gross Operating Income$414,628
Net Operating Income$231,166
Gross Multiplier15.67%
Improvements Amount$1,076,955
Land Value$1,656,855
Tax Year2000
Full Descriptions
Parcel Number5544005005
Detailed DescriptionBeautiful character building and value-add opportunity in Hollywood. The property has undergone substantial improvements in recent years and still has substantial upside in rents. Common areas have been renovated to expose and restore beautiful hardwood flooring. The interior and exterior was repainted to enhance the appearance and add character. A camera surveillance system was installed and the buildings power system was upgraded from 110 amps to 400 amps. Cast iron plumbing was also upgraded to copper.
Laundry FeaturesWasher Included, Dryer Included
Appliances DescriptionGarbage Disposal, Refrigerator, Dishwasher
Property parameters
Year Built1924
Living Area (Sq.Ft.)14,312
Lot Size (Sq.Ft.)9,500
Number of Buildings1
Number of Units Total24
ZoningLAR3
Units Total24
Listed withBryan Glenn (Charles Dunn Company Inc)