Seven-Unit Apartment
For Sale
$1,500,000
1014 N El Centro Ave, Los Angeles, CA 90038
1949-built Los Angeles property with a five-to-two mix of one-bedroom and two-bedroom residences.
Property Size6,375 SF
Lot Size0.15 Acres
Price / SF$235.29
Days on Market47
Property Features for 1014 N El Centro Ave
General Information
Standard status
Active
Size
6,375 SF
Lot size
0.15 Acres
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
5 x 1BR, 2 x 2BR
Multifamily Units
7
Amenities
There is approximately 14% rental upside remaining, capturable through ordinary turnover.
The property is offered at $235 per square foot, below the average of the recent comparable sales in the surrounding Hollywood submarket.
The property carries a Walk Score of 94. Groceries, restaurants and daily needs sit along Santa Monica Boulevard, one block south.
Metro's B Line at Hollywood/Vine connects residents to Koreatown, DTLA and the San Fernando Valley, with the 101 Freeway minutes away.
Major entertainment employers sit within a mile — Paramount Pictures, Sunset Las Palmas Studios, and Netflix's Sunset Boulevard campuses.
The property offers five one-bedroom units and two two-bedroom units.
Building Details
Building Size
6,375 SF
Year Built
1949
Units
7
Listing Agency:
Marcus & Millichap
Listed By:
Sean Rosenzweig · License #License(s): CA: 01406343
(213) 943-1897
Source:
Marcusmillichap
Added: Sep 4
Changed: Oct 10
Last Checked: Oct 19 at 3:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
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Investment Insights
Based on property information with market context.
This seven-unit apartment property includes 6,375 square feet of improvements on a 6,481-square-foot parcel. The residential configuration comprises five one-bedroom units and two two-bedroom units, with construction dating to 1949. Approximately 14% rental upside remains through ordinary tenant turnover.
The property is located in Hollywood, north of Santa Monica Boulevard and between Vine Street and Gower Street. Retail and dining along Santa Monica Boulevard are one block south, while Paramount Pictures, Sunset Las Palmas Studios, and the Sunset Boulevard creative-office campuses anchored by Netflix are within about one mile.
Transit access includes Metro’s B Line at Hollywood/Vine, and the 101 Freeway is also within about one mile. The property carries a Walk Score of 94, providing a documented measure of its surrounding pedestrian accessibility.
The property is located in Hollywood, north of Santa Monica Boulevard and between Vine Street and Gower Street. Retail and dining along Santa Monica Boulevard are one block south, while Paramount Pictures, Sunset Las Palmas Studios, and the Sunset Boulevard creative-office campuses anchored by Netflix are within about one mile.
Transit access includes Metro’s B Line at Hollywood/Vine, and the 101 Freeway is also within about one mile. The property carries a Walk Score of 94, providing a documented measure of its surrounding pedestrian accessibility.
Key Highlights
- Seven‑unit apartment community at 1014‑1018 North El Centro Avenue
- 6,375 square feet of improvements on a 6,481‑square‑foot parcel
- Unit mix includes five one‑bedroom and two two‑bedroom units
Property Analytics
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Lease Details
7
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,735
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 1949-built Los Angeles property with a five-to-two mix of one-bedroom and two-bedroom residences.
Where is this apartment building located?
The property is located at 1014 N El Centro Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Seven‑unit apartment community at 1014‑1018 North El Centro Avenue; 6,375 square feet of improvements on a 6,481‑square‑foot parcel; Unit mix includes five one‑bedroom and two two‑bedroom units
