1540 S Holt Ave, Los Angeles, CA 90035
1540 S Holt Ave, Los Angeles, CA 90035,Video Tour
1540 S Holt Ave, Los Angeles, CA 90035
1540 S Holt Ave, Los Angeles, CA 90035
1540 S Holt Ave, Los Angeles, CA 90035
1540 S Holt Ave, Los Angeles, CA 90035
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$ 1,895,000
Est. payment | /mo

8 Beds

4 Baths

3,636 SqFt


$ 1,895,000
Est. payment | /mo

8 Beds

4 Baths

3,636 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,636 sqft

Price per Sqft $521

Subdivision Tract 7385, Lot 231

MLS Listing ID 26101815

Style Art Deco

Bedrooms 8

Construction Status Updated/Remodeled

Year Built 1938

Annual Tax Amount $22,546

Tax Year 2025

Lot Size 7,946 Sqft

Acres 0.1824

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Beverlywood Vicinity

Zoning [Q]RD1.5-1-O

Rooms

Other Rooms None

Dining Room 1

Kitchen Counter Top, Remodeled

Interior

Interior Features Common Walls, Built-Ins, Chair Railings, Recessed Lighting

Heating Natural Gas, Wall

Cooling Air Conditioning, Multi/Zone, Wall Unit(s), Window Unit(s)

Flooring Engineered Hardwood, Tile

Fireplaces Type None

Inclusions Owner-owned Speed Queen washer (2025) and dryer (2023) in the on-site laundry room. Appliances in units as installed.

Equipment Built-Ins, Dishwasher, Ceiling Fan, Refrigerator, Range/Oven, Microwave, Washer, Dryer, Hood Fan

Laundry Community, Laundry Area, Outside

Exterior

Parking Features Detached, Covered Parking, Garage - 2 Car, Garage Is Detached, Private Garage, Private, Assigned

Garage Spaces 4.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N Yes

View Courtyard, Trees/Woods

Roof Type Composition, Shingle

Handicap Access None

Building

Lot Description Curbs, Exterior Security Lights, Front Yard, Sidewalks, Street Paved, Fenced Yard, Gutters, Yard, Back Yard

Story 2

Foundation Quake Bracing

Sewer In Connected and Paid, In Street

Water District

Architectural Style Art Deco

Level or Stories Two

Structure Type Frame, Stucco

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Special Listing Condition Standard

Pets Allowed Pets Permitted

Virtual Tour https://my.matterport.com/show/?m=TQuaBZri3eR&brand=0&mls=1

TheMLS (CLAW)
Listed by Realty One Group United

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1540 S Holt Ave