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1255 N Gower Street

Los Angeles, CA 90038
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Bed 14

Bed

Bath 17

Bath

SqFt6,508

Sqft(Lot)

1255 N Gower St is an exceptional opportunity to acquire a luxury new-construction 5-unit multifamily property in the heart of Hollywood. Featuring modern architecture, elevated designer finishes, custom built-ins, oversized windows, and thoughtfully designed interiors, this turnkey asset offers investors a high-quality, low-maintenance investment in one of Los Angeles' most desirable rental markets. Spanning approximately 6,091 square feet across two buildings, the property features four spacious 3-bedroom residences and one 2-bedroom unit, each offering stainless steel appliances, central HVAC, in-unit laundry, modern finishes, and balconies. Four of the five units are currently leased at market rents, providing immediate cash flow and established rental income. All utilities a re separately metered, and the property includes eight on-site parking spaces, helping minimize operating expenses and simplify management. Offered at $3,195,000, the property delivers a 5.40% cap rate, approximately $224,880 in annual gross potential rental income, and an attractive basis of $639,000 per unit. Ideally located near Larchmont Village, Melrose Avenue, Santa Monica Boulevard, and Hollywood Boulevard, the property benefits from proximity to Paramount Pictures, Sunset Gower Studios, Netflix, and some of L.A.'s most popular dining, shopping, and entertainment destinations. With luxury construction, strong existing rental income, separately metered utilities, and a prime Hollywood location, 1255 N Gower St presents an opportunity to acquire a modern multifamily investment with long-term rental appeal.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,195,000

AD Id : 91796727

MLS Id : BB26220362

Beds : 14

Lot Size : 6,508 Sq. Ft

Year Built : 2021

County : Los Angeles

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Feature Features

  • Interior Features

    Balcony, OpenFloorplan, RecessedLighting
    Appliances: Dishwasher, Freezer, Disposal, GasOven, GasRange, Microwave, Refrigerator, Dryer, Washer
    Laundry Features: Inside
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 2021
    Building Area Total: 6091
    Pool Features: None
    Private Pool: No
    View: Neighborhood

  • Lot Information

    Main Square Feet: 6508 Lot Size Acres: 0.1494 Lot Size Source: Assessor Lot Size Square Feet: 6,508 Lot Description: Landscaped,Level,StreetLevel

  • Listing Price Information

    Listing Price: $3195000
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  • Tax Information

    Parcel Number: 5534004012 Tax Lot: 11 Tax Block: E

  • Location Information

    Direction: Located on Gower St, North on Santa Monica Blvd. WaterSource: Public
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Nearby Home Value

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5336 Lemon Grove, Los Angeles, CA, 90038 $1,380,000 6 5 3,059 7,004 Sq. Ft
5336 Lemon Grove, Los Angeles, CA, 90038 $1,380,000 6 5 -- 7,004 Sq. Ft
1154 1156 N Wilton Place, Los Angeles, CA, 90038 $1,399,900 4 -- 1,674 4,503 Sq. Ft
1154 N Wilton, Los Angeles, CA, 90038 $1,399,900 4 2 1,674 4,503 Sq. Ft
812 N Ridgewood, Los Angeles, CA, 90038 $1,500,000 3 4 2,560 5,803 Sq. Ft
833 N Ridgewood Place, Los Angeles, CA, 90038 $1,075,000 4 4 -- 6,737 Sq. Ft
1014 N El Centro Avenue, Los Angeles, CA, 90038 $1,500,000 9 7 6,375 6,481 Sq. Ft
6239 Banner Avenue, Los Angeles, CA, 90038 $3,795,000 16 19 -- 6,886 Sq. Ft

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 10/12/2026 @ 06:16

MLS: BB26220362 LISTED BY: Cheyenne Womack, Myunits.com Inc. 844-698-6487 SOURCE: CRMLS

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