Residential Income In Los Angeles

1563 Gordon St is a fully renovated 9-unit apartment building in central Hollywood, offered at $2,700,000 ($300,000 per unit, $429.80/SF) at a 6.09% cap rate and 10.54 GRM. Built in 1957 with approximately 6,282 SF, the property was comprehensively renovated under permit, with every permit finaled in 2021: new kitchens and baths in every unit, a full rewire with a new 400-amp service, a copper repipe, new windows and split heat-pump systems. The unit mix is two two-bedrooms, six one-bedrooms and a studio added under permit with its own 2021 Certificate of Occupancy, and the soft-story seismic retrofit is complete (City Certificate of Compliance, 2022). The building sits about 0.2 miles from Sunset Gower Studios and Netflix’s Sunset Bronson campus, and 0.4 miles from the Metro B Line at Hollywood/Vine.