1722 Garfield Pl
Hollywood, CA 90028
Garfield Apartments · Multifamily Property For Sale
·
26 Units
Property Facts
| No. Units | 26 | Lot Size | 0.22 AC |
| Property Type | Multifamily | Building Size | 14,312 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1924 |
| Building Class | C | ||
| Zoning | R3 - Multiple Residential | ||
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 14,312 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | R3 - Multiple Residential |
Amenities
Site Amenities
- Laundry Facilities
- Energy Star Labeled
About 1722 GARFIELD PL , HOLLYWOOD, CA 90028
Engine Real Estate Services, Inc. is pleased to present 1722 Garfield Place a two-story 1924 building which totals 14,312sf. The Property features refurbished interior common areas as well as a brand now power system. Please contact broker for full Offering Memorandum and financials. This property provides a new owner an irreplaceable long-term appreciation opportunity with stable current cash flow and value-add upside in turning the remaining non-renovated units. It is comprised of 24 apartment units: 9 Studios units, 11 One-Bedroom units, and 4 Two-Bedroom units. Of the 24 apartment units, 2 units were renovated by Engine Real Estate and 9 units were renovated by prior ownership. There are also 2 additional units which were partially renovated by both prior ownership and Engine. There are 11 remaining unrenovated units. The Property is located in the Hollywood neighborhood of Los Angeles which is also home to many major employers. For example, Netflix has 400,000+sf of office and studio space in Hollywood. The property is conveniently located 1 block from the Western Metro Station as well as .5 miles from the 101 Freeway. In addition, it' s located near several area amenities such as Griffith Park (.5 miles) and Runyon Canyon Park (2.7 miles). The property is also located 1 block away from a $100 million development project which will feature 280 apartments and approximately 12,600 of commercial retail.
Sustainability
Sustainability
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
Property Taxes
| Parcel Number | 5544-005-005 | Improvements Assessment | $2,398,363 |
| Land Assessment | $4,462,074 | Total Assessment | $6,860,437 |
Property Taxes
