Active

1627 N Poinsettia Place

Los Angeles, CA 90046
Mark as Favorite
Bed 18

Bed

Bath 0

Bath

SqFt14,817

Sqft

SqFt8,439

Sqft(Lot)

Acquire a well-positioned 20-unit apartment building in the heart of Hollywood, a globally recognized epicenter of entertainment, creativity, and culture. Located at 1627 N. Poinsettia Place in the coveted Hollywood Hills West / Poinsettia Heights neighborhood, this 1965-built, wood-frame asset offers an exceptional combination of location prestige, walkability, employment density, and immediate rent-growth opportunity. The building features thoughtfully renovated kitchens and bathrooms with upgraded elevator, cabinetry, stainless steel appliances, modern fixtures, and new flooring across a diverse unit mix 14 one-bedroom, three studio, and three two-bedroom residences spanning approximately 14,817 SF on an 8,436 SF lot with 24 subterranean parking spaces. A Walker's Paradise with a Walk S core of 95 daily errands require no car as the property sits just a 10-minute walk from the Metro B Line (Red) at Hollywood/Highland Station, providing direct access to Downtown LA, Koreatown, and the Westside. The neighborhood is anchored by major employers including Netflix (1.4M SF+ commitment), Paramount Pictures, NBC Universal, and Warner Bros., driving robust tenant demand from entertainment professionals, young executives, and affluent renters seeking proximity to studios, Sunset Strip, West Hollywood, and Beverly Hills. Current rents average $2.68/SF against a market potential of $3.28/SF a 22% spread representing upside in untapped monthly NOI. The property trades at a current 5.23% cap rate making this a compelling value-add opportunity in one of Los Angeles' most resilient and high-demand multifamily submarkets with long-term appreciation tailwinds and consistent entertainment-industry-driven tenant interest.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $4,950,000

AD Id : 87655537

MLS Id : 26855971

Beds : 18

Lot Size : 8,439 Sqft

Living Area Size : 14,817

Year Built : 1965

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 18

    Bathroom Information

    Total Baths: 24
  • Heating & Cooling

    Has Heating: Yes Heating: Central

  • Building Information

    Year Built: 1965
    Building Area Total: 14817
    Private Pool: No

  • Lot Information

    Lot Dimensions: 60x140 Main Square Feet: 8439 Lot Size Acres: 0.1937 Lot Size Square Feet: 8,439

  • Listing Price Information

    Listing Price: $4950000

  • Tax Information

    Parcel Number: 5548009033

  • Location Information

    Direction: Poinsettia Heights location situated West of La Brea and just South of Hollywood Blvd
Sell a home like this and save $296,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2004 La Brea Terrace, Los Angeles, CA, 90046 $4,998,000 4 4 4,018 4,018 SqFt
7142 Marshfield, Los Angeles, CA, 90046 $2,190,000 4 4 2,880 2,880 SqFt
7148 Marshfield, Los Angeles, CA, 90046 $1,190,000 2 1 1,236 1,236 SqFt
1530 N Formosa Avenue, Los Angeles, CA, 90046 $3,100,000 13 -- 8,198 8,198 SqFt
2650 Lisco Pl, Los Angeles, CA, 90046 $3,400,000 6 6 3,700 3,700 SqFt
7377 Pyramid Place, Los Angeles, CA, 90046 $3,395,000 4 3 4,283 4,283 SqFt
2841 Montcalm Avenue, Los Angeles, CA, 90046 $3,999,000 4 2 4,409 4,409 SqFt
2695 La Cuesta Drive, Los Angeles, CA, 90046 $2,099,000 4 3 2,596 2,596 SqFt
2651 La Cuesta Drive, Los Angeles, CA, 90046 $2,495,000 5 5 6,140 6,140 SqFt
1227 N Formosa Avenue #1, Los Angeles, CA, 90046 $2,795,000 2 2 2,330 2,330 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/14/2026 @ 13:25

MLS: 26855971 LISTED BY: Jacob Plewa, REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500 SOURCE: CRMLS

Homes around $4,950,000

Selling? Save $296,501 when you sell a home like this

Tour with a ByOwner Agent