1908 Hillcrest Rd - Apartments FOR SALE


Los Angeles, CA 90068
$5,000,000 USD
310-940-8749
1908 Hillcrest Rd, Los Angeles, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/27
null | 4.23% Cap Rate

1908 Hillcrest Rd
Los Angeles, CA 90068


HIGHLIGHTS

  • Zen-like gated community featuring (3) Craftsman & Victorian duplex bungalows nestled in the foothills of the Hollywood Hills
  • 16,874 SF expansive resort-like lot features manicured gardens, lush foliage, tall mature trees, and tropical flora/flauna
  • Each bungalow reside among a lush garden courtyard, as well as a large deck with a sauna and cold shower
  • Craftsman & Victorian-style architecture include cathedral-style windows, elaborate moldings, exposed beams, ornate ceilings, and fireplaces
  • A remodel of each unit was completed several years ago with strict attention to retaining the authentic integrity and character of each bungalow
  • The Highland Estates is a part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations

OVERVIEW

*** 3rd Price Reduction - Reduced $850,000 from the original listed price *** The Highland Estates is a one-of-a-kind Zen-like gated community featuring (3) Craftsman and Victorian duplex bungalows, consisting of 6 units, all nestled in the foothills of the Hollywood Hills yet offering the convenience of a central Hollywood location. Built between 1912 and 1915 this classic bungalow community is early Hollywood living at its best. Each Craftsman and Victorian bungalow exude outstanding Golden Era architecture and reside among a lush garden community courtyard, with a large deck, sauna and cold shower. Patios are nestled among tropical flora and fauna. The 16,874 SF expansive resort-like lot features private and perfectly manicured gardens, lush foliage, and tall mature trees. Each bright and spacious unit with cathedral-style windows features hardwood floors, elaborate moldings, exposed beams, ornate ceilings, and a fireplace. A remodel of each unit was completed several years ago with strict attention to retaining the authentic integrity and character of each bungalow. Modern updates include central air, heating, washer and dryer, and new kitchen appliances. The Highland Estates is a part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations. Please contact Kenny Stevens and Alyson Richards for more information.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$716 USD /SF

# OF UNITS

6

PRICE/UNIT

$833,333

CAP RATE

4.23%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hollywood Bungalow Compound on 16,874 SF Lot

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,874 SF

ZONING

LAR2

APN/PARCEL ID

5549-018-023

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-940-8749

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Kenny StevensCompassMore Info
310-940-8749

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.