1255 N Gower Street, Los Angeles, CA 90038
1255 N Gower Street, Los Angeles, CA 90038
1255 N Gower Street, Los Angeles, CA 90038
14
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$3,195,000
Est. payment /mo
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12 Beds
15 Baths
6,508 Sqft Lot
New

1255 N Gower Street Los Angeles, CA 90038

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Patty Doyle

Patty Doyle

+1(619) 886-0321

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID BB26220362

Bedrooms 12

Lot Size 6,508 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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 are 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 re

Location

State CA

County Los Angeles

Zoning Assessor

Direction Located on Gower St, North on Santa Monica Blvd.

Interior

Cooling Central Forced Air

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5534004012

MLS Router / San Diego MLS
Listed by Cheyenne Womack, DRE#02064825 Myunits.com Inc. 
Co-listed byLauren Cearley • Myunits.com Inc.

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Patty Doyle

Patty Doyle

Agent License ID: 01507441

+1(619) 886-0321

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1255 N Gower Street

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