1946 Holmby Ave - Pride of Ownership | Over 35% Rental Upside

Matthews Real Estate Investment Services is pleased to present 1946 Holmby Avenue, a rare opportunity to acquire a two-story Mid-Century Modern triplex in the highly desirable Century City neighborhood of West Los Angeles. The property is situated on the coveted Holmby Avenue, surrounded by single-family homes just south of Santa Monica Boulevard and west of Beverly Glen Boulevard. The central location places residents within walking distance of the renowned Century City Mall and a short drive to Westwood and Beverly Hills, offering convenient access to high-end shopping centers, restaurants, grocery stores, and entertainment options. Additionally, Santa Monica Boulevard serves as a major east-west corridor, connecting Santa Monica to Hollywood, with proximity to the 405 and 10 freeways, providing seamless connectivity throughout Los Angeles.
1946 Holmby Avenue is a well-maintained property, built in 1951 and 1959, consisting of 2,973 rentable SF on a 5,509 SF lot with LARD1.5 zoning, offering significant development or ADU potential. The property has undergone significant capital improvements, including mostly upgraded copper plumbing, newly redone roofs, new sewer lines, windows, and water heaters. The unit mix features one (1) spacious two-bedroom “owner’s unit” with a large den, one (1) two-bedroom townhomes, and one (1) one-bedroom unit. Each unit features large floorplans with private patios or balconies, ample natural light, and limited common walls, ensuring privacy for tenants. The front owner’s unit includes a large private patio and an upgraded central HVAC system, while the den offers potential for conversion into a third bedroom, maximizing rental value. Additional on-site amenities include three (3) parking spaces with no soft-story retrofit requirements, a laundry room, and three (3) storage rooms for tenant convenience.
1946 Holmby Avenue presents a rare opportunity to acquire a pride of ownership triplex in Century City with over 35% rental upside potential, providing an investor with the opportunity to significantly increase cash flow through interior renovations, rental repositioning, or expansion potential. With its irreplaceable location, strong rental demand, and long-term appreciation potential, this property represents an exceptional investment in one of Los Angeles’ most sought-after neighborhoods.
Broker of Record:
David Harrington
License No. 02168060 (CA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
2321 Rosecrans Ave.,
Suite 1225, El Segundo, CA 90245