OFFERS DUE ON OR BEFORE WEDNESDAY, MARCH 26TH
Will Respond to Offers as Received
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Institutional Property Advisors (IPA), as the exclusive listing agent, is pleased to present the opportunity to acquire 1832 Garfield Place (the “Property”), a 42-unit value-add opportunity located at the base of the Hollywood Hills and one block from the Los Feliz neighborhood of Los Angeles.
Originally built in 1958, and owned by the same family for the past 35+ years, 1832 Garfield offers investors compelling value-add potential by upgrading features such as appliances, countertops, cabinetry, and flooring. Post renovation, rental income can be increased by approximately 27%.
1832 Garfield offers an excellent location that is adjacent to exorbitant single-family estates in the Hollywood Hills, within a short walk of everyday amenities, and a short commute to major employment opportunities. Major entertainment industry titans such as Netflix, NBC/Universal, Warner Brothers, and Paramount/Skydance are within a 5-10 minute commute, 3 million total jobs across a diverse set of industries are accessible within 20-30 minutes given proximity to the 101-freeway, and Franklin Village with its eclectic mix of shops is within walking distance.
Portfolio Offering: This Property is being offered concurrently with 5460 Sierra Vista. The Properties can be purchased individually or as a portfolio. Contact the listing agents to learn more.