1627 N Poinsettia Place is a 20 unit multi-family property located in a prime Hollywood location. This three story apartment building was originally constructed in 1965 and falls under LA City rent control. The Poinsettia Place Residences are a large apartment building of approximately 14,817 Sq. Ft. The property has an excellent unit mix of (2) Studio (4) 2 BR + 2 Bath & (14) 1 BR + 1 Bath units. The rents are below market, creating a quintessential value-add opportunity. The property has recently received some significant renovations including a new master water heater. One of the 2 BR units is a spacious well renovated unit that is already receiving $3,548 a month in rent. The manager's unit which is a studio unit will be delivered vacant at the close of escrow. Two other 1 BR + 1 Bath units will also be delivered vacant. The building has gated subterranean parking. 1627 N Poinsettia provides an astute multi-family investor the opportunity to purchase a value-add multi-family asset in one the most highly sough after rental locations in all of Los Angeles.
Property Details
Property Features
Property Information:
Year Built: 1965
Stories: 3
Living Area: 14,817 SqFt
Listing Office:
Office Name: Miller & Desatnik Realty Co.
Office Phone: (310) 202-9166
Listing Agent: Errol Spiro
Interior Features
Interior Information:
Appliances: Dishwasher, Refrigerator
Bedroom and Bathroom Information:
Total Bedroom Count: 22
Exterior Features
Exterior Information:
View: None
Parking Information:
Parking: Underground, Gated
Lot Features
Lot Information:
Lot Size: 0.19 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
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
Hubert Howe Bancroft Middle School, Public Magnet Grades 6-8
Studio, Public District Grades 6-8
Gardner Street Elementary School, Public District Grades KG-6
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: North of Sunset Blvd. & West La Brea Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $5,495,000
Price Per SqFt: $371/SqFt
Tax Information:
Annual Amount: $72,675
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $4.5M more than the Median Sold Price and $261/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: #24362583
Listing Office:
Office Name: Miller & Desatnik Realty Co.
Office Phone: (310) 202-9166
Listing Agent: Errol Spiro
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: 5/5/2024, 3:20:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 15, 2015
May 15, 2015Home Sold
$5,425,000
Dec 18, 2013
Dec 18, 2013Home Sold
$4,120,000
Nov 16, 2012
Nov 16, 2012Home Sold
$495,000
Aug 08, 2012
Aug 08, 2012Home Sold
$3,100,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$72,675
$6,027,665
2020
$70,508
$5,961,742
2019
$70,285
$5,844,846
2018
$68,727
$5,730,242
2017
$68,727
$5,617,885
History based on county public records data.
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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
7
/10
Gardner Street Elementary School
7450 Hawthorn Ave
Distance between this listing and this school0.22 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.14 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school18.01 miles
Public Magnet Grades 1-5
Middle School
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.02 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.39 miles
Public District Grades 6-8
High School
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school0.47 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 school8.93 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.79 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Gardner Street Elementary School
7450 Hawthorn Ave
Distance between this listing and this school0.22 miles
Public District Grades KG-6
8
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school1.14 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school18.01 miles
Public Magnet Grades 1-5
Assigned Schools
4
/10
Hubert Howe Bancroft Middle School
929 N Las Palmas Ave
Distance between this listing and this school1.02 miles
Public Magnet Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school6.39 miles
Public District Grades 6-8
Nearby Schools
4
/10
Laurel Elementary School
925 N Hayworth Ave
Distance between this listing and this school1.24 miles
Public District Grades KG-8
Assigned Schools
5
/10
Hollywood Senior High School
1521 N Highland Ave
Distance between this listing and this school0.47 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 school8.93 miles
Public Magnet Grades 9-12
8
/10
Daniel Pearl Journalism & Communications Magnet
6649 Balboa Blvd
Distance between this listing and this school10.79 miles
The neighbors living near this home have an average income of $46,951. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1627 N Poinsettia Pl
What is the listing price of this property?
The listing price of 1627 N Poinsettia Pl property is $5,495,000.
What type of property is this?
The property 1627 N Poinsettia Pl is a house located in Los Angeles, California, 90046.
Is this property for sale now?
Active Listing: 1627 N Poinsettia 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 1627 N Poinsettia Pl are: Gardner Street Elementary School: GreatSchools Rating 7/10Melrose Avenue Elementary School: GreatSchools Rating 8/10Academy For Enriched Sciences: GreatSchools Rating 9/10Hubert Howe Bancroft 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
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $72,675 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 15, 2015 for $5,425,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1627 N Poinsettia Pl has 22 bedrooms and 24 bathrooms.
What is the square footage of this property?
The property 1627 N Poinsettia Pl is 14,817 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1627 N Poinsettia Pl is 1965.
Interested in 1627 N Poinsettia Pl? Let's connect.
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This home is located at 1627 N Poinsettia Pl in Los Angeles, CA and zip code 90046 in the Central LA neighborhood. This 14,817 square foot home, which was built in 1965, sits on a 0.19 acre lot. Features: 22 bedrooms, 24 bathrooms. It has been listed on Rocket Homes since March 05, 2024 and is currently priced at $5,495,000.
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. Between March 2024 and April 2024, Los Angeles, CA real estate market has seen increase in the number of listings by 14.9%. In April 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $986,427.
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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