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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Oscar Briseno

Oscar Briseno

+1(909) 702-3445
$ 1,895,000
Est. payment | /mo

8 Beds

4 Baths

3,636 SqFt

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$ 1,895,000
Est. payment | /mo
Save Virtual Tour

8 Beds

4 Baths

3,636 SqFt

Key Details

Property Type Single Family Home

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

Bedrooms 8

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1938

Lot Size 7,945 Sqft

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 C09 - Beverlywood Vicinity

Zoning [Q]RD1.5-1-O

Interior

Interior Features Chair Rail, Ceiling Fan(s), Recessed Lighting

Heating Natural Gas, Wall Furnace

Flooring 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.

Fireplace No

Appliance Dishwasher, Gas Oven, Microwave, Range, Refrigerator, Dryer, Washer

Laundry Common Area, Outside

Exterior

Parking Features Assigned, Covered, Door-Multi, Garage, Private

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Gated

View Y/N Yes

View Courtyard, Trees/Woods

Roof Type Composition,Shingle

Accessibility None

Porch Open, Patio

Total Parking Spaces 4

Private Pool No

Building

Lot Description Back Yard, Front Yard, Yard

Faces West

Story 2

Entry Level Two

Foundation Quake Bracing

Sewer Other, Sewer Tap Paid

Water Public

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 4303031037

Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Standard

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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonny Ahdoot Realty One Group United #02007544

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Why The Brandon Drew Group?

THIS IS OUR PURPOSE .
 
Named for our son. Built for your family. The Brandon Drew Group is a family-run mortgage firm in Rancho Cucamonga, California, named in memory of Robert and Colleen Olivas's son Brandon Drew. What started as a way to honor him became a calling — to make sure every family who walks through our door is treated with the same patience, honesty, and care we wish for our own. The story behind the name →

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1540 S Holt AVE