Los Angeles, CA 90068,3625 Regal Place

$4,500,000

Est. payment /mo

$4,995,000

9.9%
Est.Price: ?

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3625 Regal Place Los Angeles, CA 90068

12,357 SqFt

SOLD DATE : 05/31/2024

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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Bridge MLS
Listed by Robert Renshaw • REMAX COMMERCIAL & INVESTMENT REALTY
Bought with RobertRenshaw
agent

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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