1759 N Gower St, Los Angeles, CA 90028
Image 2 for 1759 N Gower St, Los Angeles, CA 90028
Image 3 for 1759 N Gower St, Los Angeles, CA 90028
View Photos

1759 N Gower St Los Angeles, CA 90028

$18,500,000
  • 61 Beds
  • 52 Baths
  • 40,332 Sq.Ft.
For Sale
$18,500,000 Get Pre-Qualified

Map preview of 1759 N Gower St, Los Angeles, CA 90028

Property Overview: 1759 N Gower St Los Angeles, CA has 61 bedrooms, 52 bathrooms, 40,332 living square feet and 17,273 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Sophia Hollywood is a newly constructed 28-unit multifamily investment opportunity located at 1759 N Gower St. The property is situated in an irreplaceable Hollywood location, one block north of the premier Hollywood Blvd, in one of Los Angeles' most renowned rental submarkets. The property was built in 2024 and features 28 units across four floors, with a diverse unit mix of four one-bedrooms (650-673 SF), 12 two-bedrooms (1,036-1,214 SF), three two-bedrooms with dens (1,387 SF), and nine three-bedrooms (1,145-1,595 SF). Three of the units are designated as low-income. The building also features 56 parking spaces, two spaces per unit, across the one level of subterranean parking, with 12 EV charging stations. The Sophia Apartments were constructed meticulously with attention to every detail. Each apartment features a balcony, including the three penthouse suites. Unit 405, the three bedroom penthouse has a 1,577 SF balcony with skyline views of the entire city of Los Angeles. Finishes in each apartment include high gloss white cabinets, glass enclosed tubs and showers, high-style fixtures, custom European-style cabinetry, full height splashes, and brand-new stainless-steel appliances. Every unit has a stacked washer and dryer.The common area extra-wide hallways feature Hollywood art throughout the building. The lobby is welcoming with curated artistic touches, playing homage to the golden age of cinema. Amenities include a writers' lounge, a full gym with free-weights and machines, and bicycle storage facilities. Located within a high walk score area of 89, the property offers unparalleled access to major entertainment hubs like the Hollywood Walk of Fame and the Capitol Records building, as well as a wealth of retail options along Hollywood Blvd. Its position in Hollywood, one of the city's strongest rental submarkets, is further amplified by its proximity to popular neighborhoods such as Beverly Hills, Century City, and West Hollywood.

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: July 30th, 2024 | Source CRMLS | DOM: 105
Get a $34,688 Cash Reward New

Buy this home with Ardent Real Estate Group and get $34,688 back.

Call/Text (714) 706-1823

Home details

Lot Sq. Ft
17,273
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24408281
City
Los Angeles
County
Los Angeles
Time on Site
68 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,070
Unit Breakdown 2
  • # of Units: 12
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $4,740
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,145
Unit Breakdown 4
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $9,250
Unit Breakdown 5
  • # of Units: 7
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $5,912
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 12.14
  • Gross Scheduled Income: --
  • Net Operating Income: $956,870
  • Gross Operating Income: $1,335,738
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1759 N Gower St

No upcoming open houses

Schedule Tour
Loading...

Property Details for 1759 N Gower St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Subterranean
Property Information
  • Total # of Units: 28
  • Parcel Number: 5546031032
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: The property is situated in an irreplaceable Hollywood location, one block north of the premier Hollywood Blvd, in one of Los Angeles' most renowned rental submarkets.
View more facts & features

Local Los Angeles Agent

Loading...

Sale History for 1759 N Gower St

View property's historical transactions
  • May, 2024

  • May 20, 2024

    Date

    Active

    CRMLS: 24408281

    $21,000,000

    Price

Tax History for 1759 N Gower St

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

1759 N Gower St is listed 1442.95% higher than the median list price for the city of Los Angeles which has a median list price of $1,199,000. The median price per/sqft for Los Angeles is $765 and this home is listed at $458.69 per/sqft which puts the price per square foot 40.04% lower than the median price per square foot for the city of Los Angeles.

About 1759 N Gower St

Detailed summary of property

1759 N Gower St is a multi family located in Los Angeles, CA 90028 and is currently for sale. This multi family property offers 61 bedrooms, 52 bathrooms, roughly 40,332 living square feet, and sits on an approximately 17,273 square foot lot. 1759 N Gower St was first listed on ArdentRealEstateGroup.com on July 1, 2024. The homeowner is currently asking $18,500,000 and was originally asking $21,000,000. The median priced home in Los Angeles is $1,199,000 with a median price per square foot of $765. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1442.95% higher than the median priced home. While the average home in Los Angeles, CA is selling in 106 days, 1759 N Gower St has a days on market of 105 days. There are currently 3972 homes for sale in the Los Angeles real estate market and 2715 of them are single family homes while 1139 of them are condos and 113 are townhomes. For more information on this home for sale at 1759 N Gower St Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1759 N Gower St

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,125,000
Median List Price/Sq.Ft.
$699
Median Sold Price
$1,015,000
Median Sold Price/Sq.Ft.
$728
Total Inventory
50
Median Sale to List Price %
101.5%
Avg Days on Market
32
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Tour This Home


Buy with Ardent Real Estate Group and save $34,688.

Image Description
Contact Jon
Los Angeles Agent

Call, Text or Message
Get a $34,688 Cash Reward New

Buy this home with Ardent Real Estate Group and get $34,688 back.

Call/Text (714) 706-1823

Related Resources to 1759 N Gower St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.