Mayelian Group

06/12/2023

We are pleased to announce our successful sale of a +/- 10,283 sq. ft. lot in the heart of Hollywood near Franklin and Western Ave. Our team represented the seller in the transaction. The buyer has plans to demolish the existing triplex on the lot and build a new multifamily building.

We are also proud to present for sale the adjacent lot at 1744 N Wilton Place. With an expansive lot size of +/- 11,019 sq. ft. and zoning of LARD1.5, the potential possibilities for this property are endless! This spacious lot allows a developer to build 6 units by right or potentially additional units through the current Tier 3 TOC designation. Existing structure on the lot is a duplex. Offered at $1,599,000.

Listing Agents: Anie & Aleen Mayelian

Anie Mayelian
📞 Call 818-915-9118 or email [email protected]

Aleen Mayelian
📞 Call 818-442-1678 or email [email protected]

https://www.mayeliangroup.com/1744nwiltonplland

06/08/2023

JUST LISTED: 20542 HARTLAND ST, WINNETKA

🔹 6 unit building consisting of four 2 bedroom / 1 bath units and two 1 bedroom / 1 bath units
🔹 Features freshly painted exterior, gated front entrance, security gated 6 parking spaces, and a laundry room for tenants' convenience
🔹 Upside in rents of at least 38% and potential for further improvements to the property
🔹The property is centrally located near the newly built Topanga Social, the Westfield Topanga Mall and Village, and Warner Center
🔹 Offered at $1,698,500

Listing Agents: Anie & Aleen Mayelian

Anie Mayelian
📞 Call 818-915-9118 or email [email protected]

Aleen Mayelian
📞 Call 818-442-1678 or email [email protected]

https://www.mayeliangroup.com/20542hartlandst

06/06/2023

JUST LISTED: 1744 N. WILTON PLACE, LA 90028

🔹Craftsman Style, Old Hollywood Fixer Duplex in Franklin Village
🔹 Building Size: ± 4,312 Sq. Ft.
🔹 Lot Size: ± 11,019 Sq. Ft.
🔹 Zoning: LARD 1.5
🔹 4 garages and 1 storage space could be converted to one or more ADUs!
🔹The spacious lot allows an investor to either build a new multifamily building with 6 or more units or to restore the current duplex.
🔹The property is in close proximity to the Hollywood Walk of Fame, Paramount Pictures, Netflix HQ, Griffith Observatory, and Los Feliz.
🔹 Offered at $1,599,000

Listing Agents: Anie & Aleen Mayelian

Anie Mayelian
📞 Call 818-915-9118 or email [email protected]

Aleen Mayelian
📞 Call 818-442-1678 or email [email protected]

https://www.mayeliangroup.com/1744-n-wilton-pl-res

06/01/2023

New Apartment Buildings Take Four Years To Finish In LA, Study Says!

🔗Click the link to read more!

By David Wagner May 11, 2023 If you’re a developer wanting to build new housing in the city of Los Angeles, get ready to wait. A study published Thursday by the Los Angeles Business Council Institute finds that in recent years, new L.A. apartment buildings are taking almost four years to complete ...

05/26/2023

Our team wishes you a Happy Memorial Day Weekend!

Mayelian Apartment Group specializes in the Los Angeles area and we have a large database of buyers in the area. If you are interested in buying an apartment building in Los Angeles, selling your apartment building, or simply seeking a property valuation, please contact the Mayelian Apartment Group.

05/18/2023

Renters in Search of a New Home Want to Move to These Cities
Cities on both coasts got some love from interested renters!

🔗Click the link in bio to read!

One heartland city overtakes Atlanta for the top spot in a list of the most in-demand cities for renters By Barbara Ballinger May 18, 2023 The Midwest is garnering greater interest among would-be renters, according to the latest monthly survey by RentCafe. At the top of the list is Kansas City, Mo.,...

05/16/2023

✨8-unit Building JUST SOLD in Hollywood with Multiple Offers!✨
📍6224 De Longpre Ave, Los Angeles, CA 90028

Our team represented the seller in the transaction. We were able to achieve a high sales price of $2,510,000 for the seller. The buyer saw value in the prime Hollywood submarket, the strong current cash flow of the building, and the upgrades to the units that the seller had already undertaken.

We were able to successfully complete the sale despite a high interest rate environment, closing at a high price per unit of $313,750 and at a CAP Rate of 5.2%.

If you are interested in buying an apartment building in Los Angeles, selling your apartment building, or simply seeking a property valuation, please contact the Mayelian Group.

Anie Mayelian
📞 Call 818-915-9118 or email [email protected]

Aleen Mayelian
📞 Call 818-442-1678 or email [email protected]

05/11/2023

✨ FIXER TRIPLEX!✨
FULLY VACANT Triplex Centrally Located between Franklin Ave & Hollywood Blvd!

📍 1750 N Wilton Pl, Los Angeles, CA 90028
🔹 Number of Units: 3
🔹 Front Building (2 Units): ± 3,316 Sq. Ft.
🔹 Back Building (1 Unit): ± 640 Sq. Ft.
🔹 3 garages could be converted to an ADU
🔹 Lot Size: ± 10,283 Sq. Ft.
🔹 Zoning: LARD 1.5
🔹 Offered at $1,595,000

Listing Agents: Anie & Aleen Mayelian

Anie Mayelian
📞 Call 818-915-9118 or email [email protected]

Aleen Mayelian
📞 Call 818-442-1678 or email [email protected]

https://www.mayeliangroup.com/1750nwiltonpl

05/03/2023

Midyear Commercial Real Estate Outlook!
Multifamily, industrial and neighborhood retail are still going strong, but lingering market uncertainty could impact the Fed’s plan to curb inflation.

🔗Click the link to read more!
https://www.mayeliangroup.com/single-post/2023-midyear-commercial-real-estate-outlook2023

04/27/2023

Producer’s estate plans 181-unit apartment complex in East Hollywood
Project would add to hyperlocal multifamily building boom!

🔗Click the link to read more!
https://www.mayeliangroup.com/single-post/producer-s-estate-plans-181-unit-apartment-complex-in-east-hollywood