1135-1137 Lodi Pl 10 Unit Apartment Building $1,695,000 ($169,500/Unit) 6.64% Cap Rate Los Angeles, CA 90038

1135 Lodi Place is a charming Spanish-style multifamily property located in the heart of Hollywood. Built in 1924, the single-story building consists of ten (10) studio units totaling approximately 3,600 square feet of living space on a 6,765 square foot LARD1.5-zoned lot. The property features ten (10) units situated on each side of a landscaped central courtyard that creates a quiet and inviting residential atmosphere. The gated property offers classic Hollywood character with abundant natural light, hardwood flooring, ceiling fans, and unique interior details including built-in dining nooks and fireplace mantles. 1135 Lodi Place is separately metered for gas and electricity and features an on-site laundry room.
1135 Lodi Pl is located in Prime Hollywood near Santa Monica Blvd & Vine St! Deemed a “Walker’s Paradise” with a Walk Score of 95, residents enjoy exceptional access to daily conveniences, dining, and entertainment. The property is surrounded by some of Los Angeles’ most prominent employment hubs, including Paramount Pictures Studios, Netflix’s Hollywood campus, Sunset Bronson Studios, and a wide concentration of post-production houses and media offices throughout the area. Additionally, the property benefits from close proximity to major healthcare employers such as Kaiser Permanente Los Angeles Medical Center and Hollywood Presbyterian Medical Center. Less than one mile away, the new Echelon Studios Complex is set to bring approximately 550,000 square feet of new production studio, office, and retail space set to open this year! Residents also enjoy easy access to the most popular restaurants of the area such as Osteria La Buca, Dave’s Hot Chicken, La Descarga, and Great White.
The property is located within the city of Los Angeles and subject to Rent Control.