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1352 N Las Palmas Avenue Los Angeles, CA 90028
$2,550,000 13 beds, 12 baths
7, 353 sqft
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1352 N Las Palmas Avenue, Los Angeles, CA 90028 is located near the corner of Highland Avenue and Sunset Blvd. in Hollywood. The offering is a 12-unit investment opportunity in a neighborhood known for strong, stable rents and low vacancies. The location is perfectly positioned in Hollywood (90028), where multifamily investments have historically delivered exceptional long-term capital appreciation and wealth preservation. Built in 1957, 1352 N Las Palmas Avenue boasts a total building square footage of 7,353 SF of improvements on a 7,648 SF parcel. The unit composition consists of eleven (11) One-Bed / One-Bath units and one (1) Two-Bed / Two-Bath apartment unit. Over the years, ownership has overseen the updating of +/- 7 units. Unit upgrades include new attractive flooring, new stylish fixtures, and updated bathrooms and kitchen. Parking is provided for 13 vehicles, with five spaces in the rear and eight in the front, in a tandem configuration. Additionally, ownership has completed the LA City-mandated soft-story retrofit. 1352 N Las Palmas Avenue offers an on-site laundry room for building tenants. The property is individually metered for gas and electricity, keeping owner expenses low. The asset is located close to world-class dining, shopping, entertainment, and nightlife. Conveniently located to West Hollywood, Beverly Hills, and Downtown LA, it further benefits from access to business services and major employment centers throughout the city and its surrounding neighborhoods. Additionally, there is a significant affordability gap for homeownership in the 90028 zip code, with the median price of a single-family residence exceeding $923,000 in 2026. 1352 North Las Palmas Avenue has a Walk Score of 96 out of 100. This location is a Walker's Paradise, so daily errands do not require a car. 1352 North Las Palmas Avenue is a 9-minute walk from the Metro B Line (Red) at the Hollywood/Highland Station. Given the property's prime location and significant value-add component, the offering offers the potential for outstanding long-term income growth and unparalleled capital preservation.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26667217
List price is $2,550,000 Reduced by $85,000 on 5/7/2026
Beds: 13
Baths: 12
Built in 1957
7,353 sqft
2 stories
0.18 acres
Lot size: 0.1756
County: Los Angeles
Zoning: LARD1.5
Parking description: Covered,Garage,Tandem
MLS area: C20 - Hollywood

Last Updated: 5/7/2026

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.095884, -118.335985.
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Listing Agent: Nick Astrupgaard
Co Listing Agent: Rich Johns
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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