3625 Regal Pl
Los Angeles,
CA
90068
Property Details
List Price: |
$4,995,000 |
Beds: |
24 |
Baths: |
-- |
Status: |
Active |
SqFt: |
12357 |
Agency: |
RE/MAX Estate Properties |
Description/Comments
Lot Size: |
-- |
Property Type: |
Residential |
Year Built: |
1964 |
Notes: |
We are pleased to present for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access via both Regal Place and Fredonia Drive. Soft story retrofitting has been completed and a certificate of completion has been issued. 3625 Regal is ideally located on a quiet cul-de-sac in close proximity to Hollywood, Universal City and Studio City. The property is walking distance to an amazing assortment of dining and entertainment options including The Baked Potato, Miceli's and Good Neighbor. 3625 Regal generates fantastic income equating to a cap rate of over 4.5% with remaining upside of approximately 45%. This is a rare turnkey asset allowing for favorable financing yet with tremendous upside potential. |
MlsNumber: |
24-370458 |
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Listing Provided By: |
RE/MAX Estate Properties, original listing |
Name: |
RE/MAX Estate Properties |
Phone: |
(310) 802-2285 |
Office Name: |
REMAX COMMERCIAL & INVESTMENT REALTY |
Office Phone: |
(310) 802-2500 |
Agent Name: |
Robert Renshaw |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |