Active Under Contract

3625 Regal Place

Los Angeles CA, 90068

$4,995,000


$404.22 per sqft

Active Under Contract

24 Beds

19 Baths

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.

24370458

MLS ID

March 18, 2024

Listed

May 9, 2024

Updated

Map

3625 Regal Place
Los Angeles CA, 90068

Interior Features

Total Stories

2


Bedrooms

24


Total Bathrooms

19


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.27 Acres

Other Property Details

Area Name

C03 - Sunset Strip - Hollywood Hills West


Days on Market

32


Garage

No


Parking

Carport


Parking Total

14


View

No


County

Los Angeles


Pool

No


Zoning

LARD1.5


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

4/19/2024

Under Contract

Listed by Robert Renshaw, REMAX COMMERCIAL & INVESTMENT REALTY, CA DRE 01332831

Listing Contact: 424-293-4770 

Based on information from the CRISNet MLS as of 5/9/2024, 2:30 PM UTC. 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. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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