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$1,750,000
B26034874 MLS
The Buchanan St / N 20th Ave assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948, 1952 Buchanan Street, & 615 N 20th Ave, totaling 9 units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the asset generates immediate cash flow with an estimated 5% cap rate. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential of 29-32 Unit subject to zoning and site approval. Executive Summary The Buchanan Street / North 20th Avenue assemblage is a compelling East Hollywood Mid-Core investment combining immediate income, favorable seller financing, and long-term redevelopment potential. Located at 1948 and 1952 Buchanan Street and 615 North 20th Avenue, the portfolio includes nine residential units with rear gated parking. The property currently generates stable cash flow at an estimated 5% capitalization rate, allowing an investor to earn income while evaluating future development plans. The seller is willing to provide purchase money financing with approximately 40% down and a below-market interest rate, reducing the purchaser's initial equity requirement and potentially improving cash-on-cash returns. Based on preliminary planning assumptions, the assemblage may support approximately 29 to 32 residential units, subject to zoning, parking, site-plan, utility-capacity, and municipal approvals. This creates a covered-land strategy in which existing rental income helps offset carrying costs during the entitlement and development process. The opportunity is driven by three primary components: Immediate cash flow from nine existing units Attractive seller financing with reduced equity exposure Redevelopment optionality within a growing East Hollywood corridor Overall, the assemblage offers investors the ability to generate current income while controlling a strategically located site with meaningful future development potential.

1948 Buchanan Street, Hollywood

$1,995,000
3 Beds 4 Baths F10551876 MLS 6051 BLDG.
Indulge in refined oceanfront living at Renaissance on the Ocean in this southeast-corner 3BR/3.5BA + den residence with breathtaking direct ocean and down-coast views. A semi-private elevator opens to a thoughtfully designed split floor plan where a sleek modern renovation blends comfort and sophistication. The designer kitchen features Wolf appliances, a Sub Zero fridge and clean lines with the hidden appliances. The primary suite has a spa-caliber bath with a private sauna and a steam shower. Unit comes complete with a laundry room and two parking spaces. This gated community has private security and offers resort-level amenities including heated pools, fitness centers, beach service, valet, concierge, tennis, pickleball, and a dog park delivering a unique, elevated coastal lifestyle.

6051 N Ocean Drive Unit 1101, Hollywood

$1,999,000
3 Beds 4 Baths R11153862 MLS
Experience elevated oceanfront living in Residence 1807 at Ocean Palms, a prestigious luxury condominium at 3101 S Ocean Drive. This newly renovated stunning 3-bedroom, 3.5-bath home offers ocean and Intracoastal views, luxurious finishes throughout, and an exceptional coastal lifestyle. A private elevator entry opens directly into the residence, where floor-to-ceiling glass frames sweeping ocean views and fills the space with natural light. The living areas flow seamlessly to a spacious balcony, perfect for taking in glowing sunsets and endless water views. The gourmet kitchen is thoughtfully designed with custom Italian cabinetry, granite countertops, and high-end appliances, ideal for both everyday living and entertaining. The spa-inspired primary bath features marble finishes, elegant cabinetry, a luxurious jacuzzi whirlpool tub, and a glass-enclosed shower, creating a serene retreat. Additional highlights include solid-core doors, in-residence security, and energy-efficient windows and sliding glass doors. Ocean Palms is a direct oceanfront building offering resort-style amenities, including an elevated pool deck, tropical landscaping, outdoor spa and grill, a two-story spa and fitness center, tennis court, entertainment and meeting spaces, concierge and valet services, and 24-hour security. An exceptional opportunity to own a refined oceanfront residence with incredible views, privacy, and luxury amenities.

3101 S Ocean Drive Unit 1807, Hollywood