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1539 Gordon St - 1539 Gordon St., LA 90028 2 Unit Apartment Building Offered at $1,350,000 at a 3% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- 6,605 SF Development lot in prime Hollywood
- Existing duplex with a front 3 BR + 2 Bath & back 2 BR + 2 Bath unit
- Potential to build apartments, condos or a small lot subdivision project
- Zoned: (Q) LAR4-1VL-CPIO
- Separate Garage on lot - Potential ADU
- Excellent Hollywood location. - North of Sunset, south of Hollywood Blvd. & west of Bronson Ave.
EXECUTIVE SUMMARY
539 Gordon Ave is a well maintained duplex on a large 6,505 SF lot in one of Hollywood's most coveted locations. The property is well positioned on Gordon Street between the iconic Sunset Strip and Hollywood Boulevard.
The duplex comprises a front unit with 3 bedrooms and 2 bathrooms, complemented by a well-appointed rear unit featuring 2 bedrooms and 2 bathrooms. Current rental income for the front unit is $2,902 monthly and the rear unit is receiving $2,277 a month in rent.
The large 6,605 SF lot which is zoned (Q) LAR4 presents extraordinary development opportunities. Developers can capitalize on multiple possibilities such as new multi-family construction, small lot subdivisions or ED1 projects.
Whether you're a developer, investor, or owner-occupant, 539 Gordon Street delivers multiple pathways to success. Owner-occupiers can residence in one unit while generating rental income from the other to offset mortgage obligations. Additionally, the mid-lot garage presents compelling potential for ADU conversion, further enhancing income opportunities.
The duplex comprises a front unit with 3 bedrooms and 2 bathrooms, complemented by a well-appointed rear unit featuring 2 bedrooms and 2 bathrooms. Current rental income for the front unit is $2,902 monthly and the rear unit is receiving $2,277 a month in rent.
The large 6,605 SF lot which is zoned (Q) LAR4 presents extraordinary development opportunities. Developers can capitalize on multiple possibilities such as new multi-family construction, small lot subdivisions or ED1 projects.
Whether you're a developer, investor, or owner-occupant, 539 Gordon Street delivers multiple pathways to success. Owner-occupiers can residence in one unit while generating rental income from the other to offset mortgage obligations. Additionally, the mid-lot garage presents compelling potential for ADU conversion, further enhancing income opportunities.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,350,000 | Property Type | Multifamily |
| Price Per Unit | $675,000 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 1,926 SF |
| Cap Rate | 3% | No. Stories | 2 |
| Sale Condition | Redevelopment Project | Year Built | 1913 |
| No. Units | 2 | Opportunity Zone |
Yes
|
| Zoning | (Q) LAR4 - Q LAR4 1VL - CPIO | ||
| Price | $1,350,000 |
| Price Per Unit | $675,000 |
| Sale Type | Investment |
| Cap Rate | 3% |
| Sale Condition | Redevelopment Project |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.15 AC |
| Building Size | 1,926 SF |
| No. Stories | 2 |
| Year Built | 1913 |
| Opportunity Zone |
Yes |
| Zoning | (Q) LAR4 - Q LAR4 1VL - CPIO |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $2,902 | - |
| 2+2 | 1 | $2,277 | - |
Walk Score®
Walker's Paradise (90)
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1539 Gordon St - 1539 Gordon St., LA 90028
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