Huge 700k Price Reduction! 8-unit building with 7 fully renovated units in Prime Hollywood cash flowing at an incredible Current Cap Rate of 6.1% and 11.9 GRM from day 1! The 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, recessed lighting, new bathrooms, new Mini Split AC systems, stainless steel appliances, washer/dryer inside, as well as major exterior capital improvements (4 vacant). The unit mix provides unparalleled versatility, including 2 spacious (2bed/3bath) units ideal for families, as well as 6 modern (1bed/1bath) units perfect for individuals seeking comfort and style. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. On top of that, the major systems have been updated including electrical, plumbing, HVAC, etc. Furthermore, there's an additional upside to 6.9% Cap Rate and 10.7 GRM on proforma. The property is located in the heart of the Hollywood entertainment industry just minutes away from Netflix studios, Paramount Studios, and Netflix Corporate office. Located just steps away from the world-famous Sunset Blvd, the property offers close proximity to neighborhood attractions, restaurants, bars, and shops such as the Hollywood Walk of Fame, Highlight Room, TAO, Bar-Lis, Dream Hotel, Thompson Hotel, and many more popping up all around the area.
Property Details
Property Features
Property Information:
Year Built: 1953
Stories: 2
Living Area: 5,212 SqFt
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Interior Features
Interior Information:
Appliances: Refrigerator
Bedroom and Bathroom Information:
Total Bedroom Count: 10
Exterior Features
Parking Information:
Parking: Assigned, Carport, Garage, Tandem
Lot Features
Lot Information:
Lot Size: 0.16 Acres
Utilities
Utilities Information:
Heating: Electric, Zoned
School Info
Assigned Schools Information:
Hollywood Senior High School, Public Magnet Grades 9-12
Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
Joseph Le Conte Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Hollywood Primary Center, Public District Grades KG-3
Vine Street Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Other
Directions Information:
Directions: From Santa Monice Turn North ontop Lodi Place, the property is mid Block on the left (West) side.
Price Information
Listing Price Info
Price Summary:
List Price: $3,100,000
Price Per SqFt: $595/SqFt
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Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.1M more than the Median Sold Price and $37/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24365933
Listing Office:
Office Name: Global Platinum Properties, Inc.
Office Phone: (424) 394-1030
Listing Agent: Armin Soleimani
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 5/2/2024, 2:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Hollywood Primary Center
1115 Tamarind Ave
Distance between this listing and this school0.24 miles
Public District Grades KG-3
5
/10
Vine Street Elementary School
955 Vine St
Distance between this listing and this school0.26 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.36 miles
Public Magnet Grades KG-6
Middle School
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.44 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.05 miles
Public District Grades 6-8
High School
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school1.08 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.40 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.31 miles
Public Magnet Grades 9-12
Assigned Schools
5
/10
Hollywood Primary Center
1115 Tamarind Ave
Distance between this listing and this school0.24 miles
Public District Grades KG-3
5
/10
Vine Street Elementary School
955 Vine St
Distance between this listing and this school0.26 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.36 miles
Public Magnet Grades KG-6
Assigned Schools
4
/10
Joseph Le Conte Middle School
1316 N Bronson Ave
Distance between this listing and this school0.44 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school5.05 miles
Public District Grades 6-8
Nearby Schools
6
/10
Citizens of The World Charter
1316 N Bronson Ave
Distance between this listing and this school0.44 miles
Public Charter Grades KG-8
Assigned Schools
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school1.08 miles
Public Magnet Grades 9-12
8
/10
Math, Science, & Technology Magnet Academy at Roosevelt High School
456 S Mathews St
Distance between this listing and this school7.40 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school12.31 miles
The neighbors living near this home have an average income of $21,854. The majority of Los Angeles, CA residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1129 Lodi Pl
What is the listing price of this property?
The listing price of 1129 Lodi Pl property is $3,100,000.
What type of property is this?
The property 1129 Lodi Pl is a house located in Los Angeles, California, 90038.
Is this property for sale now?
Active Listing: 1129 Lodi Pl is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 1129 Lodi Pl are: Hollywood Primary Center: GreatSchools Rating 5/10Vine Street Elementary School: GreatSchools Rating 5/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Joseph Le Conte Middle School: GreatSchools Rating 4/10Studio: GreatSchools Rating 4/10Hollywood Senior High School: GreatSchools Rating 5/10Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10
How many bedrooms and bathrooms does this property have?
The property at 1129 Lodi Pl has 10 bedrooms and 12 bathrooms.
What is the square footage of this property?
The property 1129 Lodi Pl is 5,212 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1129 Lodi Pl is 1953.
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This home is located at 1129 Lodi Pl in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This 5,212 square foot home, which was built in 1953, sits on a 0.16 acre lot. Features: 10 bedrooms, 12 bathrooms. It has been listed on Rocket Homes since March 07, 2024 and is currently priced at $3,100,000.
Over 701 listings were sold over their listed price in April 2024 in Los Angeles, CA. In the same period over 629 listings were sold below the listed price and 204 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 14.9% between March 2024 and April 2024. In April 2024 median list price was $986,427 and the average listing age was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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