1540 S Holt Ave
LOS ANGELES, CA 90035
Cross street:Holt Ave and Pickford St

Property

Ownership: For Sale
Bedrooms: 8 BR
Bathrooms: 4
Area: 7946 sq ft
Lot Size: 0.2 Acres

Financials

Price:$1,895,000
Annual Taxes:$2,025
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Realty One Group United

1540 S Holt Ave 8BR Beverlywood La

Art Deco facade and front lawn

Art Deco facade and front lawn

Art Deco facade and front lawn
Living room | Virtually staged
Remodeled kitchen with granite
Gated garden entry
Patio and rear stairs
Living room with arched built-
Dining room | Virtually staged
Primary bedroom | Virtually st
Second bedroom | Virtually sta
Restored vintage tile bath
Mature trees and open lawn
Park-like grounds
Patio and lawn
One of two detached double gar
Garage and gated driveway
Detached laundry room
On-site laundry
Oversized 7,946 SF corner lot
Adjacent 8585 Pickford St sold
Minutes to Century City
Art Deco facade and front lawnLiving room | Virtually stagedRemodeled kitchen with graniteGated garden entryPatio and rear stairsLiving room with arched built-Dining room | Virtually staged

Description

A rare 1938 Art Deco fourplex on an oversized 7,946 SF corner lot in Pico-Robertson, moments from Beverlywood, Beverly Hills and Century City. Four 2 bed / 1 bath residences of approximately 950 SF each (per owner), each with a separate dining area. Three are remodeled with updated kitchens, updated appliances, newer flooring and permitted split-system A/C. Unit 1546 is remodeled and will be delivered vacant, so an owner-user can move right in or an investor can lease at market on day one. The architecture cannot be replicated today: softly curved corners, arched alcoves, original built-ins and restored vintage tile baths with a soaking tub and a separate stall shower. Lush, park-like grounds and long frontage on Pickford St give each residence uncommon light and privacy. Seismically retrofitted, with copper plumbing, newer water heaters, on-site laundry and two detached double garages. Reliable long-term tenancy with embedded RSO rent growth. Pro forma 4.49% cap rate and 13.3x GRM at the asking price. Value-add upside includes renovating unit 1544 on turnover and potential garage-to-ADU conversions. Zoned [Q]RD1.5-1-O within a Transit Priority Area. The adjacent 6,002 SF lot at 8585 Pickford St is available by separate sale, creating a rare 13,948 SF double lot opportunity on the same block. Walk to the restaurants, cafes and markets of Pico and Robertson Boulevards. The seller is not completing a 1031 exchange, allowing a clean, flexible close.

Amenities

  • Built-Ins
  • Chair Railings
  • Common Walls
  • Counter Top
  • Full Copper Plumbing
  • Patio
  • Recessed Lighting
  • Remodeled

Neighborhood

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.