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1627 N Poinsettia Place is a 20-unit situated in a prime Hollywood locationone of the most desirable rental submarkets in Los Angeles. Originally built in 1965, the three-story building spans approximately 14,817 square feet. The asset features an ideal unit mix consisting of: (2) Studio units, (14) One-Bedroom / One-Bath units, (4) Two-Bedroom / Two-Bath units. The majority of units are currently rented at below-market rates, presenting a classic value-add opportunity for investors seeking long-term upside through renovation and repositioning. Notable recent capital improvements include a new elevator system and upgraded master water heater, enhancing both reliability and tenant experience. One of the two bedroom units serves as a spacious, well-renovated owner's unit, while the on-site manager's studio unit will be delivered vacant at close of escrow, offering flexibility for new management or rental use. Additional property highlights include gated subterranean parking, a rare and desirable amenity in this dense urban area. This offering presents a unique opportunity for an astute multifamily investor to acquire a well-located, income-generating asset with significant upside potential in the heart of Hollywood.
| DAYS ON MARKET | 101 | LAST UPDATED | 6/13/2025 |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | C20 - Hollywood |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Refrigerator |
|---|---|
| AREA | C20 - Hollywood |
| HEAT | Wall Furnace |
| LOT | 8438 sq ft |
| LOT DIMENSIONS | 60x140 |
| PARKING | Underground |
| STORIES | 3+ |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/18/25 6:35 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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