Los Angeles, CA 90068,3625 Regal PL
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Los Angeles, CA 90068,3625 Regal PL
Los Angeles, CA 90068,3625 Regal PL
Los Angeles, CA 90068,3625 Regal PL
Los Angeles, CA 90068,3625 Regal PL

$4,500,000

Est. payment /mo

$4,995,000

9.9%
Est.Price: ?

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3625 Regal PL Los Angeles, CA 90068

24 Beds

19 Baths

12,357 SqFt

SOLD DATE : 05/31/2024

Key Details

Sold Price $4,500,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 12,357 sqft

Price per Sqft $364

MLS Listing ID 24370458

Sold Date 05/31/24

Bedrooms 24

HOA Y/N No

Year Built 1964

Lot Size 0.270 Acres

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.

Location

State CA

County Los Angeles

Area C03 - Sunset Strip - Hollywood Hills West

Zoning LARD1.5

Interior

Fireplace No

Exterior

Garage Carport

Parking Type Carport

Total Parking Spaces 14

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2425004025

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Renshaw • REMAX COMMERCIAL & INVESTMENT REALTY
Bought with Robert Renshaw • REMAX COMMERCIAL & INVESTMENT REALTY

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

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