2053 Glencoe Way,Los Angeles, CA 90068
Los Angeles, CA 90068
Description
Exceptional investment opportunity in the heart of the Hollywood Hills. This well-maintained 4-unit apartment building, built in 1928, offers approximately 3,142 square feet on a 3,463 square foot LAR2-zoned lot. The property features a desirable unit mix, strong in-place rental income, and significant long-term upside in one of Los Angeles' most sought-after rental markets.Located just minutes from the Hollywood Bowl, Runyon Canyon, Franklin Village, Hollywood & Highland, major studios, dining, entertainment, and convenient freeway access, the property attracts a broad tenant base seeking the ideal blend of neighborhood charm and urban convenience.The building presents an excellent opportunity for investors seeking stable cash flow with future value-add potential through strategic renovations and rental increases, subject to applicable regulations. Whether you're expanding an existing portfolio or acquiring a trophy asset in a premier Los Angeles location, this is a rare opportunity to own a classic Hollywood Hills fourplex with lasting investment appeal.Property highlights include:* Four residential units* Approximately 3,142 SF building* Approximately 3,463 SF lot* Built in 1928* LAR2 zoning* Prime Hollywood Hills location near shopping, dining, entertainment, hiking trails, and major employment centers* Excellent long-term investment with upside potentialBuyer to independently verify all information, including square footage, zoning, permits, rent amounts, operating expenses, and applicable rent control regulations.
Details
| MLS # | 26856999 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 49 |
| Listing Provided By | Westside Property Management Inc. | Joshua L Barre |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,142 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR2 |
| Acreage | 0.08 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Appliances | Dishwasher, Disposal, Refrigerator |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Door Single, Garage |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90068 |
| Area | C03 Sunset Strip Hollywood Hills West |
| Listing VS Median (in 90068) | |
Price: $3,000,000 low | high Med: $2,195,000 sqft: 3,142 low | high Med: 4,390 $ / sqft: $955 low | high Med: $500 On site: 49 low | high Med: 205 | |
Market Activity 90068
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90068 |
| Area | C03 Sunset Strip Hollywood Hills West |
| Listing VS Median (in 90068) | |
Price: $3,000,000 low | high Med: $2,195,000 sqft: 3,142 low | high Med: 4,390 $ / sqft: $955 low | high Med: $500 On site: 49 low | high Med: 205 | |
