$4,500,000
$4,995,000
9.9%For more information regarding the value of a property, please contact us for a free consultation.
3625 Regal Place Los Angeles, CA 90068
12,357 SqFt
Key Details
Sold Price $4,500,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 12,357 sqft
Price per Sqft $364
MLS Listing ID CL24370458
Sold Date 05/31/24
HOA Y/N No
Year Built 1964
Lot Size 0.270 Acres
Acres 0.27
Property Description
We are pleased to present for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access via both Regal Place and Fredonia Drive. Soft story retrofitting has been completed and a certificate of completion has been issued. 3625 Regal is ideally located on a quiet cul-de-sac in close proximity to Hollywood, Universal City and Studio City. The property is walking distance to an amazing assortment of dining and entertainment options including The Baked Potato, Miceli's and Good Neighbor. 3625 Regal generates fantastic income equating to a cap rate of over 4.5% with remaining upside of approximately 45%. This is a rare turnkey asset allowing for favorable financing yet with tremendous upside potential.
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 2425004025
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with RobertRenshaw