3625 Regal Pl

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Address: 3625 Regal Pl, Los Angeles, CA 90068, USA
Created date: May 15, 2024
Date last updated: May 15, 2024

Property Description

We are pleased to present for sale a highly unique 14-unit multifamily gem nestled in the Hollywood Hills walking distance to Universal City. 3625 Regal Place was built in 1964 and comprises a mix of 1, 2 and 3-bedroom units with unique architectural details and spacious layouts. The oversized 11,763 square foot parcel is situated on a gentle slope creating unique elevations throughout the property. There are private patio spaces with views of the surrounding hills as well as front and rear access via both Regal Place and Fredonia Drive. Soft story retrofitting has been completed and a certificate of completion has been issued. 3625 Regal is ideally located on a quiet cul-de-sac in close proximity to Hollywood, Universal City and Studio City. The property is walking distance to an amazing assortment of dining and entertainment options including The Baked Potato, Miceli's and Good Neighbor. 3625 Regal generates fantastic income equating to a cap rate of over 4.5% with remaining upside of approximately 45%. This is a rare turnkey asset allowing for favorable financing yet with tremendous upside potential.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,995,000
No. of Units: 14
Year Built: 1964
Lot Size: 12,357.00 Sq ft
Opportunity Zone: No
Price per unit: $356,786
Property Website Click Here
Number of Bedrooms: 24
Number of Bathrooms: 0
Address: 3625 Regal Pl, Los Angeles, CA 90068, USA
Provided by:

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