2038 S Holt Avenue
Los Angeles, CA 90034
- – beds
- – baths
- – sqft
- 12,619 sqft lot
- 1961 build
- – on site
This well maintained property represents the best value in La Cienega Heights. At $196 per unit and 11.5 times Gross, it is clearly the "Best in Class". There is (1) 3BR/2BA, (4) 2BR/2BA, (4) 2BR/1BA, (6)1BR/1BA and (1) Studio. The LA County Assessors list the property as 15 units, but it is operating as 16. The units are huge with a courtyard style layout and a pool. It has been in the family for 51 years, and managed professionally for decades. The property just benefitted from installation of brand new electrical service last year (by permit), and it has been retrofitted for EQ. There are 15 tuck-under parking spaces and a gated entry for security and convenience. It is 3 blocks from Kaiser West LA, and walking distance from Culver City Arts District, HBO, Amazon, Apple, and the Culver Steps. The rental upside is approximately 75%, resulting in a Pro-forma cap rate of 10.08%!! The property is being sold in conjunction with 2314 Corning, and be purchased together or separately. Don't miss this rare bargain!
Last checked:
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Last updated May 3, 2025
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MLS# 25533713 —
The Building
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Year Built:1961
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Year Built Source:Assessor
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New Construction:No
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Building Area Total:12456.00
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Total Number Of Units:16
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# of Buildings:1
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Stories Total:2
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# of Separate Gas Meters:15
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# of Separate Electric Meters:15
Interior
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Levels:Two
Location
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Directions:North of Cadillac, West of La Cienega
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Latitude:34.04006900
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Longitude:-118.38131100
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:12619.0000
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Lot Size Acres:0.2897
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Lot Size SqFt:12619.00
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Lot Size Source:Assessor
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Security Features:Gated Community
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4302027029
Heating & Cooling
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Heating:1
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Heating:Natural Gas, Wall Furnace
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned, Covered
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Parking Spaces:15.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/3/25
May 3, 2025
|
Listed / Active | CRMLS_CA | $3,150,000 |
