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1116 N Gower St
Los Angeles, CA 90038

$1,595,000 USD

Apartments For Sale  •  2,040 SF

Property Details

• Property Type Apartments
• Total Building Size 2,040 SF
• Lot Size 0.15 AC
• Building Class C
• Year Built 1921
• Zoning R3

64 Transit Score

89 Walk Score

Highlights

Vacant two story 3-unit apartment building approximately 2,040 SF (per County Assessor) with two 2-bedroom units and one 1-bedroom unit.

Repositioning Opportunity: Renovate existing apartment building and add ADUs at the rear of the property.

Development Opportunity: Ample land area to develop a new multi-family apartment building on the entire site.

Demand for housing in Hollywood is very high, and apartment rents are strong within the sub-market.

The property is located in an Opportunity Zone providing tax incentives and deferred capital gains.

Property Flyers

2 Property-1110-1116 N Gower St-Eblast-8.14.24-v2

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	5.7 mi
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	11 min	-	6.5 mi
Transit/Subway	Drive	Walk	Distance
Hollywood/Vine Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Bob Hope	17 min	-	9.5 mi
Los Angeles International	27 min	-	14.1 mi
Long Beach (Daugherty Field)	39 min	-	29.1 mi