Sold

Closed

3625 Regal Place

Los Angeles CA, 90068

$4,500,000


$364.17 per sqft

Sold

Closed

24 Beds

19 Baths

12,357 sqft

Residential

Built in 1964

Listed by Robert Renshaw with REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500

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 19, 2024

Listed

June 1, 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

28


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

5/31/2024

Sold

$4,500,000

4/19/2024

Under Contract

Listing Contact: 310-802-2500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/1/2024. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 6/1/2024 at 1:09 AM UTC

 

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