Active

3625 Regal Pl

Los Angeles CA, 90068

$4,995,000


$404.22 per sqft

Active

24 Beds

12,357 sqft

Residential

Built in 1964

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.

24-370458

MLS ID

March 18, 2024

Listed

April 5, 2024

Updated

Map

3625 Regal Pl
Los Angeles CA, 90068

Interior Features

Total Stories

2


Bedrooms

24 Beds


Appliances

Other


Fireplace

No


Cooling

Yes


Cooling Description

Air Conditioning


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.27 Acres

Other Property Details

Area Name

Sunset Strip - Hollywood Hills West


Days on Market

14


Garage

No


Parking

Carport


Parking Total

14


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listed by Robert Renshaw with REMAX COMMERCIAL & INVESTMENT REALTY
Listing Contact: 424-293-4770 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ken Sisson shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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