1820 Grace Avenue, Los Angeles, CA 90028
Local realty services provided by:ERA North Orange County Real Estate



1820 Grace Avenue,Los Angeles, CA 90028
$2,000,000
- - Beds
- - Baths
- 6,916 sq. ft.
- Multi-family
- Active
Listed by:michael sterman
Office:marcus & millichap
MLS#:25506173
Source:CRMLS
Price summary
- Price:$2,000,000
- Price per sq. ft.:$289.18
About this home
We are pleased to present 1820 Grace Ave, a 10 unit apartment building located in the heart of Hollywood, a prime neighborhood of Los Angeles, CA. Built in 1953, the property consists of (8) one-bedroom + one-bathroom units and (2) two-bedroom + one bathroom unit. The building is 6,916 gross square feet and sits on a 7,702 square foot lot.1820 Grace Ave is located on a charming, tree-lined street in Hollywood. There is no shortage of activities to explore in the area. From popular hiking trails of Runyon Canyon and Griffith Park to seeing the Hollywood Walk of Fame. Hollywood's central location provides convenient access to major freeways, public transportation, and is only a 5-minute walk to the Hollywood Blvd Metro station further extending the area's connectivity to the rest of Los Angeles.1820 Grace Ave represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.62% with the ability to improve to a 8.29%CAP rate once units turnover.
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Home facts
- Year built:1953
- Listing Id #:25506173
- Added:167 day(s) ago
- Updated:August 18, 2025 at 02:21 PM
Rooms and interior
- Living area:6,916 sq. ft.
Structure and exterior
- Year built:1953
- Building area:6,916 sq. ft.
- Lot area:0.18 Acres
Finances and disclosures
- Price:$2,000,000
- Price per sq. ft.:$289.18
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